A joint venture is generally an implied contract that lasts until a party disassociates at will.

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While a joint venture is a type of business arrangement between two or more parties, it is typically established through a written agreement that outlines the rights and responsibilities of each party. This agreement will also specify the duration of the joint venture, which could be for a specific project or ongoing for a set amount of time. Dissociation from the joint venture will generally require notice and may be subject to certain conditions outlined in the agreement. Therefore, a joint venture is not an implied contract and does not last until a party disassociates at will.

A Joint Venture Is Generally an Implied Contract That Lasts