International Journal of Business and Management Studies, CD-ROM. ISSN: 2158-1479 :: 1(3):317–322 (2012) Copyright c  2012 by UniversityPublications.net THE JOINT VENTURE IN MEXICO Rogelio Rivera and Lizette Rivera Universidad de Guadalajara, MØxico When doing business abroad it is always important to know how law may vary from one country to another, especially if we want to prevent or avoid having problems when executing a commercial contract. Such is the case of the joint venture in Mexico. After reviewing the literature regarding the legal regulation of contracts, partnerships and corporations in Mexico, it was found that the joint venture in Mexico is understood as an atypical contract, thus it varies from its original conception in common law. As a result when doing business in Mexico, joint venture may be fully executed as a contractual joint venture and but not as a joint venture corporation. Keywords: Joint venture, Regulation, Mexico. Introduction When doing business abroad is always important to know how law may vary from one country to another. It is always important to foresee problems that may arise from combining jurisdictions or laws through legal agreements. Such is the case of the joint venture in Mexico. Joint venture is an agreement which allows people to invest in a project sharing profits, risks and project control equally. These last who elements have been the joint venture!s main characteristics and one of the reasons for which it is chosen as an international business agreement. Its use has been widely spread by companies that wish to enter foreign markets. This paper analyses the concept of joint venture, its characteristics and types, the misconceptions created when used internationally and finally, it analyses the joint venture in Mexico and how joint venture is regulated by Mexican Law. Methodology This study is a qualitative type of research with an analytic approach. Its aim is to analyze joint venture world and also to compare it with how it is viewed in Mexico. The research technique chosen for this paper was documentary research which involves analyzing joint venture!s regulation in the US and in Mexico. In order to analyze the legal frame concerning joint venture, comparative, analytical and synthetic methods were used. 317