joint venture
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 378 U.S. 158 - United States v. Penn-Olin Chemical Co. · 1964Most cited · 355 citing opinions
The joint venture, like the 'merger' and the 'conglomeration,' often creates anticompetitive dangers. It is the chosen competitive instrument of two or more corporations previously acting independently and usually competitively with one another. The result is 'a triumvirate of associated corporations.' If the parent companies are in competition, or might compete absent the joint venture, it may be assumed that neither will compete with the progeny in its line of commerce.
United States Code
15 U.S.C. § 278N — in this section (2 versions over time)
the term “joint venture” means a joint venture that—
(A) includes either—
(i) at least 2 separately owned for-profit companies that are both substantially involved in the project and both of which are contributing to the cost-sharing required under this section, with the lead entity of the joint venture being one of those companies that is a small-sized or medium-sized business; or
(ii) at least 1 small-sized or medium-sized business and 1 institution of higher education or other organization, such as a national laboratory or nonprofit research institute, that are both substantially involved in the project and both of which are contributing to the cost-sharing required under this section, with the lead entity of the joint venture being either that small-sized or medium-sized business or that institution of higher education; and
(B) may include additional for-profit companies, institutions of higher education, and other organizations, such as national laboratories and nonprofit research institutes, that may or may not contribute non-Federal funds to the project; and
15 U.S.C. § 4301 — for purposes of this chapter (4 versions over time)
The term “joint venture” means any group of activities, including attempting to make, making, or performing a contract, by two or more persons for the purpose of—
(A) theoretical analysis, experimentation, or systematic study of phenomena or observable facts,
(B) the development or testing of basic engineering techniques,
(C) the extension of investigative findings or theory of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, prototypes, equipment, materials, and processes,
(D) the production of a product, process, or service,
(E) the testing in connection with the production of a product, process, or service by such venture,
(F) the collection, exchange, and analysis of research or production information, or
(G) any combination of the purposes specified in subparagraphs (A), (B), (C), (D), (E), and (F),
42 U.S.C. § 13541 — for purposes of this section
For purposes of this section, the term “joint venture” has the meaning given the term “joint research and development venture” under section 4301(a)(6) and (b) of title 15, except that such term may apply under this section to research, development, demonstration, and commercial application joint ventures.