A
joint venture that is based around contractual or informal
agreements between the
parties, that does not entail structural changes. Such joint ventures will often involve collaboration on a particular project rather than creating a
long lasting business relationship. Such agreement may also be known as a commercial, unincorporated, co-operative or collaborative joint venture. See also Co-operative joint venture.
Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.
For our full legal glossary and more legal research sources, register for a free Lexis+ trial