Utah joint venture
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Joint venture: As a general rule, in order for a joint venture to exist there must be: (1) a community of interest in the performance of the common purpose; (2) a joint proprietary interest in the subject matter; (3) a mutual right to control; (4) a right to share in the profits; and (5) unless there is an agreement to the contrary, a duty to share in any losses which may be sustained.
Ellsworth Paulsen Const. Co. v. 51-SPR-L.L.C., 2008 UT 28, 183 P.3d 248
