Business Dictionary
Joint Venture Agreement
A-B C-D E-G H-K L-N O-P R-S T-W
Joint Venture Agreement is the association of companies or individuals formed to undertake a specific project. Joint venture has some similarities with partnership, but is limited to specific project. Joint ventures are formed in situation when two companies find interest in joining efforts compared to dealing with the project alone. Therefore, joint ventured by definition are usual in areas of high risk and demanding projects from perspective of investment. Typical area of joint venturing is the area of research and development of new technologies.
Joint ventures can become issue of competition and antitrust laws, especially if it is formed by competing companies.
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