A Practical Guide to International Joint Ventures
Summer 2011California Business Law Practitioner
An international joint venture is a collaboration among two or more persons to achieve some business objective outside the United States. The hallmark of a joint venture is flexibility, and there is no particular recipe for its creation. It can take a number of forms or, in the case of a contractual arrangement, none at all. It may be employed to achieve short- or long-term objectives, or both. It can be designed to endure for a specified term, until a specified event, or indefinitely (although, in practice, that seldom happens).