Dictionary

contractual joint venture

a joint venture based on a contractual agreement between the parties and for which no new, separate business is created The two companies agreed to cooperate by embarking on a contractual joint venture.

Phrase Bank

  • The two parties conclude this contract for the contractual joint venture.
  • We agree to form a contractual joint venture company.
  • The Law on Contractual Joint Venture is intended to contribute to the expansion of economic cooperation.
  • The establishment of a contractual joint venture is subject to approval by the Ministry of Trade.