Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Corporate joint venture definition

What does Corporate joint venture mean? A corporate joint venture is a joint venture carried on through a separate company in which the participants become shareholders. It is a descriptive commercial term rather than one defined in legislation, though company law and case law on separate legal personality, limited liability and shareholder rights apply. In England & Wales, Scotland and Northern Ireland the vehicle is usually a private company limited by shares under the Companies Act 2006; in Ireland it is commonly an LTD or a DAC under the Companies Act 2014. Each party typically contributes cash, assets, intellectual property or staff, and agrees governance...

UK corporate joint ventures: structuring, contributions, funding, governance, tax and regulatory clearances—initial legal, accounting, employment, IP, competition, data protection, documentation and due diligence considerations

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Practice notes

Joint venture

The expression ‘joint venture’ has no fixed legal definition in UK law. It denotes a commercial arrangement in which two or more parties agree to combine their resources to deliver a proposed project (or other business activity) and to share the resulting gains. The term spans many scenarios, from structural arrangements that create or modify economic control of a legal entity—such as joint venture companies or partnerships—to non-structural set-ups including contractual joint projects and informal, undocumented collaborations. A joint venture can be established for a single project, a defined period, or as a continuing business relationship...

they may not have the requisite knowledge, expertise, technology, resources and/or funding
by splitting funding obligations, they can reduce financial risk
they may gain access to new markets
they can keep running their own businesses whilst also pursuing the project/business through the joint venture, subject to agreed limits, for example not to compete

Joint ventures are used in a variety of sectors...

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Web page updated on 21/05/2026

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