Unless Otherwise Agreed, Joint Venturers Have an Equal Voice in Controlling

question 65

True/False

Unless otherwise agreed, joint venturers have an equal voice in controlling a venture-related project.

---

Definitions:

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.

Arbitration

A method of resolving disputes outside the courts, where a neutral third party makes a decision.

Third Party

An entity or individual that is not directly involved in a transaction or agreement but may be affected by it or involved in facilitating it.

Settlement

The agreement reached between two parties to resolve a dispute or lawsuit outside of court.