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Define : Joint Venture

Define : Joint Venture

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Published by: sunnypooja on Oct 08, 2009
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12/23/2012

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DEFINE : JOINT VENTURE
A contractual agreement joining together two or moreparties for the purpose of executing particular businessundertaking. All parties agree to share in the profits andlosses of the enterprise.”
 
 
ADVANTAGES : JOINT VENTURE
 
Provide companies with the opportunity to gain new capacityand expertise Allow companies to enter related businesses or newgeographic markets or gain new technological knowledgeAccess to greater resources, including specialized staff andtechnology Sharing of risks with a venture partner Joint ventures can be flexible. For example, a joint venture canhave a limited life span and only cover part of what you do, thuslimiting both your commitment and the business' exposure.Companies can gradually separate a business from the rest of the organisation, and eventually, sell it to the other parentcompany. Roughly 80% of all joint ventures end in a sale by onepartner to the other.

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