JOINT VENTURE

Aju & anoop

anooopedenkattanam@gmail.com

A contractual agreement joining together two or more parties for the purpose of executing a particular business undertaking. All parties agree to share in the profits and losses of the enterprise. An association of two or more individuals or companies engaged in a solitary business enterprise for profit without actual partnership or incorporation; also called a joint adventure. when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "coventurers".
anooopedenkattanam@gmail.com

A joint venture is a contractual business undertaking between two or more parties. It is similar to a business partnership, with one key difference: a partnership generally involves an ongoing, long-term business relationship, whereas a joint venture is based on a single business transaction. Individuals or companies choose to enter joint ventures in order to share strengths, minimize risks, and increase competitive advantages in the marketplace.
anooopedenkattanam@gmail.com

Advantages
Provide companies with the opportunity to gain new capacity and expertise. Allow companies to enter related businesses or new geographic markets or gain new technological knowledge. access to greater resources, including specialised staff and technology. sharing of risks with a venture partner.

anooopedenkattanam@gmail.com

EXAMPLE

anooopedenkattanam@gmail.com

Sony corporation with Ericsson

Sony-Ericsson is a joint venture by the Japanese consumer electronics company Sony Corporation and the Swedish telecommunications company Ericsson to make mobile phones. The stated reason for this venture is to combine Sony's consumer electronics expertise with Ericsson's technological leadership in the communications sector. Both companies have stopped making their own mobile phones.
anooopedenkattanam@gmail.com

Thank You

anooopedenkattanam@gmail.com