JOINTVENTURE

Joint venture

A joint venture is a business agreement in which the parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets. There are other types of companies such as JV limited by guarantee, joint ventures limited by guarantee with partners holding shares.

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joint venture

Noun

  1. A cooperative partnership between two individuals or businesses in which profits and risks are shared


The above text is a snippet from Wiktionary: joint venture
and as such is available under the Creative Commons Attribution/Share-Alike License.

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