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Joint Venture
Practical Law Glossary Item 0-501-6816 (Approx. 3 pages)
Glossary
Joint Venture
A commercial collaboration between two or more independent entities, formed for either a single purpose project or a continuing business. Joint ventures can be formed:
- As new entities, jointly owned or owned in an agreed proportion by the joint venture parties.
- When one party buys an interest in an existing entity's start-up or developing business.
- Through a contractual relationship without the use of a separate entity (sometimes referred to as alliances or strategic alliances).
For more information on joint ventures generally, see Practice Note, Joint Ventures: Overview. For information on key issues when engaging in cross-border joint ventures, see Practice Note, Cross-Border Joint Ventures. For issues to consider when setting up a joint venture, see Forming a Joint Venture Checklist. For more information on structuring a joint venture agreement, see Drafting a Joint Venture Agreement Checklist.
For more information on creating a commercial real estate joint venture agreement, see Commercial Real Estate Joint Venture Agreement Checklist.