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joint enterprise |
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joint enterprise n. a generic term for an activity of two or more people, usually (but not necessarily) for profit, which may include partnership, joint venture, or any business in which more than one person invests, works, has equal management control and/or is otherwise involved for an agreed upon goal or purpose. One significant factor is that if a court finds that two or more people are involved in a joint enterprise and there is negligent damage to another by any one of the enterprisers, or breach of a contract made by the joint enterprise, each of those who are part of the enterprise will be liable for all the damages to another. However, not all joint enterprises are partnerships or joint ventures, although the terms are often used improperly as if they were synonymous. (See: joint, joint and several, joint liability, joint venture, partnership, joint adventure) |
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? References in periodicals archive |
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Overlapping guidance adds to the confusion when attempting to standardize common processes, especially with operational activities in joint enterprise architecture. Rather than having continued ownership of the transferred assets in a different form, Stone evidenced the intent to conduct a joint enterprise for mutual profit. This is not possible currently under the present regime of laws regulating gaibens and bengoshi, even though the laws were amended to allow them to work together through a specificed joint enterprise system (tokutei kyodo jigyo). |
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