partnership

Querist : Anonymous (Querist) 27 June 2010 This query is : Resolved
what is difference between partnership deed & joint venture deed ?

Follow Query

Report Abuse

A V Vishal (Expert) 27 June 2010
A Joint Venture is a contractual arrangement between two parties that is undertaken to complete a specific task whereas;
A partnership is an agreement between two parties wherein both the parties agree to share profits and losses of the activity undertaken.
Thus in a JV, a separate entity is formed that ceases to exist on completion of the task agreed whereas, a partnership firm continues operations until dissolved and formation of a separate entity is not necessary.

Uma parameswaran (Expert) 29 June 2010
Individuals or companies can form joint venture.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Uds sale by flatpromotors
Registered sale agreement
Sale of property agreement not executed
Criminal law
Get back money from a scam through report cyber hunters
Cheque bounce case
Overhead water tank
Wrongfully name removed from pr card
Lost property agreement need non traceable certificate
How i won a million dollars

Vacation judge
Legal notice used for harrasment
Settlement
What is the meaning of possession (legally) of apartment
Is advocate guilty?
Advocate�s duty to justice apply to the pre-litigation ?
Legal opinion on baseless legal notice and law
Dismissals due to defective legal notices
Legal notice content
Validity of legal notice.....