Legal Dictionary
Main Entry:
joint ven·turePronunciation:
-'ven-ch&rFunction:
noun 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