Venture - Law Dictionary Search Results
Home Dictionary Name: ventureventure
venture : an undertaking involving chance, risk, or danger ;esp : a speculative business enterprise see also joint venture ...
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 ...
venture capital
venture capital see capital ...
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)]...
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,...
Promoter
Promoter, a term anciently sometimes applied to a common informer generally (see 5 Inst. 191), but in modern times applied only to the prosecutor of an ecclesiastical suit, as in Combe v. Edwards, (1878) 3 PD 103.Those who obtain, or take steps for obtaining, the passing of a private Act of Parliament, to the incorporation of a company under the Companies Acts, are called the promoters. In many respects promoters stand in a fiduciary capacity towards the company which they are engaged in forming, see Twycross v. Grant, (1877) 2 CPD 469; Lagunas Nitrate Co. v. Lagunas Syndicate, (1899) 2 Ch 392, and also OMNIUM; Electric Palace v. Baines, (1914) 1 Ch 532, where the position of promoter vendors was discussed. The promoters usually pay the registration fees, and the company is under no liability to repay them, Re National Motor Co., (1908) 2 Ch 515.As to the liability of promoters of a company for any untrue statements in the prospectus, see s. 37 of the Companies Act, 1929, and 4th Sch.,...
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 ...
frustration
frustration 1 a : the act of frustrating b : the state or an instance of being frustrated c : something that frustrates 2 : a common-law doctrine of contract law: parties to a contract may be excused from performance even though performance is still possible if the reason for making the contract is partially or completely frustrated by a fortuitous event or by circumstances which are not the fault of either party called also frustration of purpose frustration of the venture compare cause, force majeure clause, impossibility, impracticability NOTE: In order for frustration to be used as a successful defense to a breach of contract claim, the reason for making the contract must have been contemplated or recognized by both the contracting parties even though it was not expressed in the contract. ...
joint adventure
joint adventure : joint venture ...
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