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TOPI C III.A.1. PETE R W. SCHROTH United States Joint Ventures: Transideological and Otherwise A report for the United States on the law relating to joint ven ture s between parties from countries with different political and economic systems faces at the threshold two barriers to understand ing and one minor difficulty. The first barrier to understanding is th e lack of any agreement on the meaning of the term "joint ven ture" ; although I will be somewhat more specific about this point be low, in general my response is t o paint in broad strokes applicable to almost anything anyone might consider a joint venture. Perhaps the reader who is interested only in joint ventures answering some nar rower definition will take some comfort from my assertion that in U.S. law almost nothing ever turns on whether an arrangement is or is not technically a joint venture as opposed to a partnership or some other form of enterprise. The second barrier to understanding is the lack of any agree ment on the meaning of "different political and economic systems." We used to speak—and ordinarily most of us still speak—of "East- West joint ventures." By this we mean,
American Journal of Comparative Law – Oxford University Press
Published: Dec 1, 1990
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