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What is Joint Venture?

A joint venture (JV or J-V) is a legal entity formed between two or much more parties to undertake an economic activity together.

The JV parties agree to create, for a finite time, a new entity and new assets by contributing equity. They then share in the revenues, expenses, and assets and "control" of the enterprise.

In European law, the term 'joint-venture' is an elusive legal concept, better defined under the rules of business law. In France, the term 'joint venture' is variously translated as 'association d'entreprises', 'entreprise conjointe', 'co-entreprise' and 'entreprise commune'. But usually, societe anonyme covers' foreign collaborations. In Germany,'joint venture' is better represented as a 'combination of... read more here

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