![]() ![]() As such, joint enterprises tend to be governed by the rules of standard contract law. Instead, a joint enterprise will be based on a contractual agreement created by the parties. In addition, unlike a joint venture, a joint enterprise is not a status that is conferred upon the members of the group. Each party will typically be granted the right to have joint control over the project or mission of the joint venture.Īs may be evident from the above information, a joint venture is much more focused on business-related matters than a joint enterprise. ![]()
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