Difference Between Joint Venture Agreement And Joint Operating Agreement

The parties are rarely considered to be in partnership, unless the agreement expressly states that they are. On the other hand, joint ventures are not obliged to enter into an agreement. Or, if there is an agreement, it is a short-term and very specific contract that relates to the project that needs to be implemented. The purpose of a Joint Operating Agreement (JSA) is to protect a company from failure while preventing monopolization within a sector by allowing each party to maintain a separate form of exploitation. JOas are used in newspapers, healthcare, the oil and gas industry and other sectors. In some cases, Congress has passed specific laws to provide for anti-cartel and abuse of dominance waivers for joint enterprise agreements in certain sectors.