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. The use of joint ventures is practiced all over the world, foreign and domestic to the United States.[https://www.law.cornell.edu/wex/joint_venture | 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. The use of joint ventures is practiced all over the world, foreign and domestic to the United States.[https://www.law.cornell.edu/wex/joint_venture] | ||
Revision as of 23:31, 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. The use of joint ventures is practiced all over the world, foreign and domestic to the United States.[1]
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