Joint venture

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Joint venture

A legal arrangement in which two or more parties undertake to share the risks and rewards of a project on an agreed upon basis.

joint venture

A collaborative undertaking by two or more persons or organizations for a specific project (or projects) having many of the legal characteristics of a partnership.
References in periodicals archive ?
Exploration work performed on the Senggeh Block during the SIPP period prior to the grant of the sixth generation COW by Iriana's joint-venture partner, a subsidiary of Cyprus-Amax Minerals Company ("Cyprus") produced encouraging results.
The Cyprus joint-venture is now commencing a comprehensive helicopter supported exploration program which will include first pass stream sediment sampling, rock sampling and geological mapping as well as further detailed follow-up of the targets identified from the remote sensing data.
The second joint-venture attraction will premiere concurrently with the grand opening of the next Dave & Buster's, which opens this October at the White Flint Mall in N.
Wright said he believes the "demand for joint ventures is strong in the location based entertainment market," noting that Dave & Buster's comes just a month after Iwerks announced its first joint-venture project with Australia's Hoyts Corp.
Among the important factors that could cause actual results to differ from those indicated in the forward-looking statements are that the success of the strategies discussed above are dependent upon identifying potential joint-venture partners, successfully negotiating favorable terms in the related joint-venture agreements and profitably operating the attractions which are the subject of such ventures.