a venture by a partnership or conglomerate designed to share risk or expertise
"a joint venture between the film companies to produce TV shows"
A cooperative partnership between two individuals or businesses in which profits and risks are shared
A joint venture is a business agreement in which the parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets. There are other types of companies such as JV limited by guarantee, joint ventures limited by guarantee with partners holding shares. In European law, the term 'joint-venture' is an elusive legal concept, better defined under the rules of company law. In France, the term 'joint venture' is variously translated as 'association d'entreprises', 'entreprise conjointe', 'coentreprise' or 'entreprise commune'. But generally, the term societe anonyme loosely covers all foreign collaborations. In Germany, 'joint venture' is better represented as a 'combination of companies'. With individuals, 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 "co-venturers". The venture can be for one specific project only - when the JV is referred to more correctly as a consortium - or a continuing business relationship. The consortium JV is formed where one party seeks technological expertise or technical service arrangements, franchise and brand use agreements, management contracts, rental agreements, for one-time contracts. The JV is dissolved when that goal is reached.
The numerical value of joint venture in Chaldean Numerology is: 6
The numerical value of joint venture in Pythagorean Numerology is: 2
Sample Sentences & Example Usage
At the end of the day, we're very satisfied that our joint venture was approved.
We decided reciprocally not to go ahead with the joint venture for political reasons.
The joint venture partners are looking at all legal options, arbitration is always an option.
We believe this company has so much upside in front of us with the Delta joint venture and the new fleet.
The bottom line is that the joint venture between the Russians and Americans is taking us to the cleaners.
Images & Illustrations of joint venture
Translations for joint venture
From our Multilingual Translation Dictionary
- شركة محاصةArabic
- joint ventureDanish
- Gemeinschaftsunternehmen, Joint VentureGerman
- empresa mixta, joint venture, empresa conjuntaSpanish
- työyhteenliitymä, yhteishanke, yhteisyritysFinnish
- joint-venture, entreprise commune, coentreprise, joint ventureFrench
- संयुक्त उद्यमHindi
- joint ventureItalian
- מיזם משותףHebrew
- ジョイントベンチャー, 合弁会社, 合弁企業, 合弁事業Japanese
- iuncturam audereLatin
- gezamenlijke ondernemingDutch
- joint venturePolish
- СП, совместное предприятиеRussian
- joint ventureSwedish
- บริษัท ร่วมทุนThai
- liên doanhVietnamese
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"joint venture." Definitions.net. STANDS4 LLC, 2018. Web. 18 Feb. 2018. <https://www.definitions.net/definition/joint venture>.