ORDERED that the order is affirmed, with one bill of costs.
The Supreme Court properly granted the defendants' respective motions for summary judgment. The defendants established their entitlement to judgment as a matter of law (see, Zuckerman v. City of New York, 49 N.Y.2d 557). The burden then shifted to the plaintiff to provide evidence in admissible form to establish that a triable issue of fact existed. The plaintiff failed to meet this burden. The plaintiff and the defendants (hereinafter collectively the purported joint venturers) never agreed to the division of equity ownership in the company they purportedly sought to purchase as between themselves or the other potential investors in the company. The failure of the purported joint venturers to agree upon the division of equity prevented a sufficiently definite agreement with respect to the sharing of profits and losses, which is an indispensable element of any joint venture agreement, oral or written (see, Cobble Hill Nursing Home v. Henry Warren Corp., 75 N.Y.2d 863, cert denied 498 U.S. 816; Matter of Steinbeck v. Gerosa, 4 N.Y.2d 302; Accent Assocs. v. Wheatley Constr. Corp., 268 A.D.2d 494; Goodstein Props. v. Rego, 266 A.D.2d 506; Tilden of N.J. v. Regency Leasing Sys., 230 A.D.2d 784; Hyman, Inc. v. Olsen Indus., 227 A.D.2d 270; see also, Precision Testing Laboratories v. Kenyon Corp. of America, 644 F. Supp. 1327). Therefore, the plaintiff failed to establish the essential elements needed to prove the existence of an oral joint venture agreement.
The plaintiff's remaining contentions are without merit.
RITTER, J.P., McGINITY, LUCIANO and FEUERSTEIN, JJ., concur.