# Venture Business > Venture Business means all operations and services performed and contemplated under a [joint venture agreement]. **Term:** Venture Business **Last updated:** 2026-07-29 ## Definition ## What Venture Business Means in a Contract Venture Business is a defined term that sets the perimeter of a collaborative undertaking between two or more parties. When a contract says that Venture Business means all operations and services performed and contemplated under a joint venture agreement, it is telling the reader exactly which activities are governed by the shared arrangement and which activities remain outside it. This distinction matters because a joint venture rarely absorbs every commercial activity of the participating parties, only the specific project, market, or product line they have agreed to pursue together. By carving out Venture Business as a discrete concept, the contract creates a reference point that other clauses can rely on. Provisions dealing with profit sharing, decision making, confidentiality, non-compete restrictions, and termination will typically all point back to this definition to determine their scope. Without a clear articulation of Venture Business, parties could dispute whether a new opportunity, cost, or liability belongs to the joint venture or to one party acting independently. ## How Venture Business Is Defined or Measured Most agreements measure Venture Business by reference to the activities described in the underlying