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.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved

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.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
CORPORATE JOINT VENTURE * The corporate joint venture establishes a jointly owned corporation.
Establishing a minority corporate joint venture sometimes created FTC problems.
A corporate joint venture is more complicated, with different tax consequences depending on the percentage of the joint venture owned by U.S.
Recent years have seen a resurgence in transactions involving "corporate joint ventures," "strategic partnerships," and the like.
Formation of a corporate joint venture illustrates the monetary-nonmonetary issue because a joint venture involves shared ownership and control, not an exchange or relinquishment of ownership and control.

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