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Do you know the meaning of the Joint Venture.?

Do you know the meaning of the Joint Venture.?

Do you know the meaning of the Joint Venture.?

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Jeeba Mar. 16, 2018

A joint venture is a business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

In other words, it is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets.

Do you know the meaning of the Joint Venture.?

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