The Legal Status of the Joint Venture
28 Pages Posted: 20 Aug 2009 Last revised: 17 Sep 2009
Date Written: August 20, 2009
Commercial actors commonly describe their group undertakings as joint ventures. That practice has infiltrated the judicial lexicon and appears to be fostering a supposition on the part of some judges that a joint venture is a distinct legal form. The supposition is unwarranted. A review of the American, English, Australian and Canadian case law and commentary discloses no substantive basis for the claim of distinct status.
Keywords: joint venture, distinct status, single transaction, partnership, syndicate, strategic alliance, share product
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