Joint Venture

Definition: a Joint Venture is a strategic business partnering and legal agreement between two or more businesses to mutually accomplish a business objective. It is one type of Strategic Alliance.
The parties agree to create a new entity together by both contributing equity, and they usually share assets, costs, risks, profits, other rewards, and the control of the enterprise.

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More on collaboration: Backward Integration, Coopetition, Forward Integration, Quasi-Vertical Integration, Strategic Alliance, more on collaboration...

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