a generic term for an activity of two or more people, usually (but not necessarily)
for profit, which may include partnership, joint venture or any business in which
more than one person invests, works, has equal management control and/or is otherwise
involved for an agreed upon goal or purpose. One significant factor is that if a
court finds that two or more people are involved in a joint enterprise and there
is negligent damage to an outside party by any one of the enterprisers, or breach
of a contract made by the joint enterprise, each of those who are part of the enterprise
will be liable for all the damages to the party. However, not all joint enterprises
are partnerships or joint ventures, although the terms are often used improperly
as if they were synonymous.
See also joint joint adventure joint and several joint liability joint venture
partnership
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