A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. Each of the participants in a JV is responsible for profits, losses, and costs associated with it.

A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.

A joint venture is a business arrangement where two or more companies come together to form a new company or partnership to pursue a specific business objective. In a joint venture, each company contributes assets and resources to the new entity and shares the risks, costs, profits, and losses associated with the venture.

A joint venture is a business agreement between two or more parties to work together on a specific project or task and agree to share the profits, losses, and costs. The parties can be individuals, businesses, or even governments. Joint ventures combine resources and expertise to achieve a common goal.

A joint venture is an agreement by two or more people or companies to accomplish a specific business goal together. A joint venture can be structured as a separate business entity or simply grow out of a contract between the parties. Unlike a partnership, a joint venture is typically temporary, dissolving after the task is complete.