NEWSLETTER-2017

34 NEWSLETTER 2017 Contractual joint ventures are unions in which at least two en- tities come together, adopting the purpose of conducting single or temporary work, generally under joint management, to make a profit pursuant to a contract, without assigning any assets to the joint as- sets of the partners, and are most likely to remain the most preferred partnership instrument in commercial operations that demand sizable investments 10 . 10 Altay, p.49.