Joint venture - Legal lexicon
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Legal lexicon > Joint venture

Joint venture

A joint venture or undeclared partnership is not a legal person and has no legal personality. The partners forming a joint venture therefore act in their own name on behalf of all. any Quebec general or limited partnership that does not have its own name and that is not registered is considered a joint venture.

The contract by which the joint venture is created may be written or verbal, or may result from facts clearly indicating the intention to form an undeclared partnership.

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