Definition of Joint Venture

Definition:

Two or more businesses joining together under a contractual agreement to conduct a specific business enterprise with both parties sharing profits and losses. The venture is for one specific project only, rather than for a continuing business relationship as in a strategic alliance.

Related Terms:

Strategic Alliance
Merger
Partnership

Related Information:

Strategic Alliances
Why Merge?

Related Books:

The Practical Guide to Joint Ventures and Corporate Alliances
The Partnering Imperative
Books about Strategic Alliances

 

 

 

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