Is a joint venture agreement enforceable?
California, United States of America
The following excerpt is from Perry v. Lambourne, 177 Cal.App.2d 662, 2 Cal.Rptr. 441 (Cal. App. 1960):
Defendants also point to a number of details which they assert are not definitely agreed upon. But the agreement found by the court adequately shows the intent to create a joint venture, and indefiniteness with regard to details is not fatal. James v. Herbert, 149 Cal.App.2d 741, 748, 309 P.2d 91.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Can a joint venture be repudiated if the joint venture was terminated by abandonment? (California, United States of America)
Can a court award damages for breach of a joint venture agreement for declaratory relief? (California, United States of America)
In what circumstances will a court invalidate a joint venture agreement? (California, United States of America)
Is a loan agreement enforceable even if the loan agreement contains a "conditional waiver" of certain prepayment charges? (California, United States of America)
Does a joint venture need an oral agreement regarding real property? (California, United States of America)
Is a cooperation agreement between a defendant and a federal law enforcement agency enforceable? (California, United States of America)
What is Narghizian's burden in proving damages for breach of joint venture agreements or breach of fiduciary duty? (California, United States of America)
Can a joint venture exist where there is no written agreement? (California, United States of America)
Does a joint venture exist where there is a right of joint control of the business? (California, United States of America)
Can a third party beneficiary of an arbitration agreement enforce the arbitration agreement against a plaintiff? (California, United States of America)
