Joint Venture

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.

IRI: http://lmss.sali.org/RC0ycQb3ti4yr7qDxhAD1Gl
Branch: Legal Entity

Also known as

Cooperative Enterprise, 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.

Ancestry path

Legal Entity Entity

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