The joint venture contract. Practical aspects regarding the admissibility of the request for exclusion of the associate

• Main Author: Andreea STOICAN
• Format: Article
• Language: English
• Published: Bucharest University of Economic Studies 2015-06-01
• Series: Juridical Tribune
• Subjects: joint venture; exclusion; legal personality; administration; representation; third party
• Online Access: http://www.tribunajuridica.eu/arhiva/An5v1/7%20Stoican.pdf

The present paper aims at pointing out an important aspect in the implementation of the professionals’ activity through the joint venture, more precisely, it raises the problem of the admissibility of the request for exclusion of the associate. Thus, although one can tell that to a certain extent the joint venture can be regarded as a species of the partnership deed, it does not acquire legal personality, reason why we have set as objective to analyse the problem of the exclusion of an associate from the practical perspective, as the legislation does not offer a clear solution in this regard. Consequently, the present study shall have the following structure: 1) Introduction, 2) The concept of joint venture, 3) The relation between the joint venture parties and the third parties, 4) Exclusion of the associate, 5) Conclusions.