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.

A joint venture is a combination of two or more parties that seek the development of a single enterprise or project for profit, sharing the risks associated with its development. The parties to the joint venture must be at least a combination of two natural persons or entities.

A joint venture is a cooperative arrangement between two or more business entities, often for the purpose of starting a new business activity. Each entity contributes assets to the joint venture and agrees on how to divide up income and expenses.

A joint venture is a strategic partnership where two or more companies develop a new entity in order to collaborate on a specific project or venture. This arrangement allows each company to pool their resources, expertise and capital to achieve a common objective—and share the risks and rewards.

A joint venture is a business arrangement that involves multiple people or entities working together to meet a business objective. When the joint venture involves the creation of a new company, that company becomes its own unique entity even though it sprung from the efforts and resources of two or more other organizations.