### Question
How is the term joint venture defined?


### Answer
The term **joint venture** is defined in *15 U.S.C. § 4301* as the following:

> any group of activities, including attempting to make, making, or performing a contract, by two or more persons for the purpose of—


(A) theoretical analysis, experimentation, or systematic study of phenomena or observable facts,


(B) the development or testing of basic engineering techniques,


(C) the extension of investigative findings or theory of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, prototypes, equipment, materials, and processes,


(D) the production of a product, process, or service,


(E) the testing in connection with the production of a product, process, or service by such venture,


(F) the collection, exchange, and analysis of research or production information, or


(G) any combination of the purposes specified in subparagraphs (A), (B), (C), (D), (E), and (F),


  

and may include the establishment and operation of facilities for the conducting of such venture, the conducting of such venture on a protected and proprietary basis, and the prosecuting of applications for patents and the granting of licenses for the results of such venture, but does not include any activity specified in subsection (b)

#### Citation:
  - *15 U.S.C. § 4301*
  - Heading: **CHAPTER 69-COOPERATIVE RESEARCH**

