Joint venture


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Related to Joint venture: Strategic alliance

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 ?
Further complicating the picture, several factors might alter the influence of firm relatedness on stock market reactions to joint venture announcements.
Chatham Lodging Trust owns interests in 74 hotels totaling 10,117 rooms/suites, comprised of 22 hotels it wholly owns with an aggregate of 3,022 rooms/suites in 12 states and the District of Columbia and holds a minority investment in two joint ventures that own 52 hotels with an aggregate of 7,095 rooms/suites.
The follow-up by telephone interviews identified the names of the joint ventures, enabling the elimination of any duplicate reporting of joint ventures.
The Founder-Fubon joint venture will be headquartered in Beijing and will be the 66th fund management firm in China.
Second, LightPath has agreed to license certain of its technology to the joint venture for which it will receive a 3% royalty based upon sales by the joint venture.
As Mike Mack, COO of Syngenta Seeds has stated: "The formation of the GreenLeaf joint venture is outstanding news for growers and the seed industry because it will make available a new and unique pool of corn and soybean traits and genetics from both companies' research efforts."
"Increasing our stake in this joint venture further improves our ability to meet customer needs in the very important Turkish and European markets as well as leveraging our already strong global position," said Fred Bentley, president of Hayes Lemmerz' International Wheel Group.
have completed the separation and termination of their various joint venture relationships.
Tokyo, Japan, Oct 18, 2005 - (JCNN) - Toyota Motor and Guangzhou Automobile Group announced on October 18 that they have reached an agreement to increase 2.0- to 2.4-liter automobile gasoline engine production by building a second plant at Guangqi Toyota Engine (GTE), a joint venture they established in Guangzhou City, Guangdong Province, in February 2004.
China's largest pharmaceutical company and Reed Exhibitions (Norwalk, CT), the world's leading exhibition organizer, have agreed on a major joint venture in the Chinese exhibition industry.
In January, U-Media, a joint venture between SK Telecom and Japanese electronics giant Toshiba, began beaming 12 mobile-TV channels to handsets, which costs subscribers $11 a month.

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