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 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 short-term partnership between one or more business entities. The businesses pool resources for a predetermined purpose, then they share the profits in accordance with a legal agreement.