{"iri":"http://lmss.sali.org/RC0ycQb3ti4yr7qDxhAD1Gl","id":"RC0ycQb3ti4yr7qDxhAD1Gl","label":"Joint Venture","definition":"A joint venture is a business arrangement where two or more parties agree to pool their resources to accomplish a specific task, project, or business activity. Each party in a joint venture retains its separate legal status while sharing ownership, control, and profits of the joint enterprise.","prefLabels":["Cooperative Enterprise"],"altLabels":["Business Partnership","Collaborative Venture","Strategic Alliance"],"examples":["BMW and Toyota's joint venture to develop hydrogen fuel cell technology","Sony Ericsson was a joint venture between Sony Corporation and Ericsson to produce mobile phones.","The venture between Google and NASA to collaborate on space exploration technologies."],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/R7L5eLIzH0CpOUE74uJvSjL","label":"Legal Entity"},"parents":[{"iri":"http://lmss.sali.org/R7oBWHStfmqTLn2MypkW3Pj","id":"R7oBWHStfmqTLn2MypkW3Pj","label":"Entity"}],"children":[],"relations":[],"url":"https://lmss.io/tag/RC0ycQb3ti4yr7qDxhAD1Gl/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}