Joint Ventures: Difference between revisions
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A joint venture, or "JV," is a business agreement, made by two or more parties, who choose to split the costs of a project or investment in equal ways, and in doing so share ownership. Companies partake in joint ventures so that in the case of their project not being successful, neither owner will have to take the brunt of the failure on their own. | |||
Extended definition of the term. | Extended definition of the term. | ||
Who coined the term? | Who coined the term? | ||
Revision as of 00:10, 8 February 2017
A joint venture, or "JV," is a business agreement, made by two or more parties, who choose to split the costs of a project or investment in equal ways, and in doing so share ownership. Companies partake in joint ventures so that in the case of their project not being successful, neither owner will have to take the brunt of the failure on their own.
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