Joint Venture - Law Dictionary Search Results
Home Dictionary Name: joint venture Page 1 of about 12 results ( seconds)Joint venture
Joint venture, The expression 'joint venture' is more frequently used in the United States. It con-notes a legal entity in the nature of a partnership engaged in the joint undertaking of a particular transaction for mutual profit or an association of persons or companies jointly undertaking some commercial enterprise wherein all contribute assets and share risks. It requires a community of interest in the performance of the subject-matter, a right to direct and govern the policy in connection therewith, and duty, which may be altered by agreement, to share both in profit and losses, New Horizons Ltd. v. Union of India, (1995) 1 SCC 478....
joint venture
joint venture 1 : a cooperative business agreement or partnership between two or more parties that is usually limited to a single enterprise and that involves the sharing of resources, control, profits, and losses compare combination 2 : a criminal undertaking by two or more persons in which each intentionally takes part used in the law of Massachusetts ...
Joint venture abroad
Joint venture abroad, means a foreign concern formed, registered or incorporated in a foreign country in accordance with the laws and regulations of that country and in which investment has been made by an Indian entity. [Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, Reg. 2 (f)]...
venture
venture : an undertaking involving chance, risk, or danger ;esp : a speculative business enterprise see also joint venture ...
joint adventure
joint adventure : joint venture ...
joint enterprise
joint enterprise 1 : joint venture 2 : an undertaking of two or more parties for a common purpose in which each shares a common interest and an equal right of control (as of a vehicle) NOTE: In regard to a tort involving such an enterprise, a third party may impute negligence of one party (as a driver) to another in the enterprise. ...
Industry
Industry, 'Industrial dispute' and 'workman' taken in the extended significance, or exclude it. Though the word 'undertaking' in definition of industry is wedged in between business and trade on the one hand and manufacture on the other, and though therefore it might mean only a business or trade undertaking, still it must be remembered that if that were so, there was no need to use the word separately from business or trade. The wider import is attracted even more clearly when we look at the latter part of the definition which refers to 'calling, service, employment, or industrial occupation of, avocation of workman. 'Undertak-ing' in the first part of the definition and 'industrial occupation or avocation in the second part obviously mean much more than what is ordinarily understood by trade or business. The definition was apparently intended to include within scope what might not strictly be called a trade or business venture, Bangalore Water Supply and Sewerage Board v. A. Rajappa,...
combination
combination 1 a : an alliance of individuals, states, or esp. corporations united to achieve a common (as economic) end see also combination in restraint of trade compare joint venture, merger b : conspiracy 2 : a union of old or new elements or parts that is patentable because it produces a new and useful result compare aggregation, equivalent ...
partnership
partnership : an association of two or more persons or entities that conduct a business for profit as co-owners see also Uniform Partnership Act in the Important Laws section compare corporation, joint venture, sole proprietorship NOTE: Except in civil law as practiced in Louisiana, where a partnership, like a corporation, is considered a legal person, a partnership is traditionally viewed as an association of individuals rather than as an entity with a separate and independent existence. A partnership cannot exist beyond the lives of the partners. The partners are taxed as individuals and are personally liable for torts and contractual obligations. Each partner is viewed as the other's agent and, traditionally, is jointly and severally liable for the tortious acts of any one of the partners. commercial partnership : trading partnership in this entry family partnership : a partnership in which the partners are members of a family general partnership : a partnership in which ea...
Financial commitment
Financial commitment, means the amount o direct investment by way of contribution to equity and loan and 50 per cent of the amount of guarantees issued by an Indian party to or on behalf of its overseas Joint Venture Company or Wholly Owned Subsidiary. [Foreign Exchange Management (Tran-sfer or Issue of Any Foreign Security) Regulations, 2000, Reg. 2 (f)]...
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