The joint venture

Abstract

The joint venture is a form of cooperation formed by the international dealing business , which is associated whereby the parties to achieve a common purpose among them is what he was doing the project activity uniform, and the idea of this project on the basis of direct participation, shared by a number of parties with a view to the implementation of economic activity for the benefit partners and the joint venture takes two formulas: the first joint venture contract : which is a contract between two or more parties for the implementation of a specific project, within a specified period , and has no financial independence or administrative will of his limbs, while the second version is a joint venture organization: is the kind of project which takes the form of a company with financial and administrative independence and enjoy a continuing basis . And because the lack of national legislation for states to special legislation regulating this subject, and to find out the legal rules that govern it. as well as a lack of law libraries in Iraq for specialized study in which despite the fact that Iraq was not far from the application of such a kind of projects, so we chose research in this topic is marked " joint venture".