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Joint Venture
A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Sony Ericsson joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.
The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.
Joint Venture Compliance
International joint ventures bring very high risks under the U.S. Foreign Corrupt Practices Act. Unreliable partners -- those who might pay bribes to foreign officials to help the business -- need to be spotted early and either avoided or controlled...
Important New Joint Venture
Discussion here.
China Law Blog on How to Maintain Control of Korean Joint Venture
Okay, not really. But Seattle-based Harris & Moure, through its excellent China Law Blog, once again offers another one of those warnings that could be applicable to Korea after a find-and-replace job: Chinese Joint Ventures—The Information The Chinese Government Does Not Want You to Know...
DOJ Refuses to Protect Beer Drinkers from Miller/Coors Joint Venture
On June 5, 2008, the Antitrust Division issued a press release advising that it was closing its investigation into the potential anticompetitve effects from a joint venture between SABMiller plc (Miller) and Molson Coors Brewing Company to combine their operations in the United States...
California's Husband and Wife Business: A Partnership Or Joint Venture (And Other Tax Issues)?
An unincorporated business jointly owned by a married couple is generally classified as a partnership for Federal tax purposes...
California District Court Finds Joint Venture Parties' Price Setting Not Per Se
Delving into "one of the darkest corners of antitrust law," the federal District Court for the Northern District of California recently determined what standard – the per se rule or the rule of reason – should apply to judge the setting of prices by members of a joint venture...
I married American citizen 2 years ago and have conditional permanent resident status. The marriage has not gone well and my husband has left. What effect will filing for divorce have on my application to have conditions
Many visas, etc., involving spouses must be applied for by both spouses (for exa...
Mother left family property in stepfateher's name, Anyway to fight for it?
If deed is stated in step fathers name most likely it will stay that way....try ...
My sister and I own a home in joint name with rights of surviorship. We have both since married, she has chosen to live in the home with her new husband. My question is: 1) can I charge him rent separately 2) what do I n
Each state has different statues/laws... so it sorda depends on that.. But in my...
Can a bank account be garnished for a debt?
If any legal judgment has been entered against you, the holder of that judgment ...
Must the estate pay off the mortgage debt of someone who dies with a Joint Tenant Right of Survivorship on a property?
Generally, the survivor now has an undivided 100% ownership interest in the prop...
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I married American citizen 2 years ago and have conditional permanent resident status. The marriage has not gone well and my husband has left. What effect will filing for divorce have on my application to have conditions
Many visas, etc., involving spouses must be applied for by both spouses (for exa...
Mother left family property in stepfateher's name, Anyway to fight for it?
If deed is stated in step fathers name most likely it will stay that way....try ...
My sister and I own a home in joint name with rights of surviorship. We have both since married, she has chosen to live in the home with her new husband. My question is: 1) can I charge him rent separately 2) what do I n
Each state has different statues/laws... so it sorda depends on that.. But in my...
Can a bank account be garnished for a debt?
If any legal judgment has been entered against you, the holder of that judgment ...
Must the estate pay off the mortgage debt of someone who dies with a Joint Tenant Right of Survivorship on a property?
Generally, the survivor now has an undivided 100% ownership interest in the prop...
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