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 ?
Joint ventures have been regularly used as vehicles for international operations for many years, as businesses entering a new territory have sought to team up with well-connected local players.
Organizations already involved in whole-hospital joint ventures should closely monitor the St.
Goodyear and SRI, which has rights to the Dunlop brand in major world markets, will form four joint venture operating companies, one in North America, one in Europe and two in Japan, and two synergy-focused support ventures based in the U.
He witnessed the growth of joint ventures in Canada firsthand.
Fortunately, companies with large amounts of receivables can dramatically improve their balance sheets by partnering with a financial services firm to create a joint venture -- a separate company that oversees and jointly manages the credit and collection processes.
98-15 analyzed the fact patterns of two whole hospital joint ventures.
Should there be concerns about joint ventures having equal representation between the tax-exempt organization and the taxable entity?
The ruling deals with a domestic and foreign group forming a joint venture under the following steps:
Additionally, the agreement that governs the operations of the Transeastern JV requires the joint venture to make preferred payments to Technical Olympic's joint venture partner.
No plans for 2006 have been submitted by the Cortez Joint Venture (Placer Cortez Inc.
Corporate Office Properties Trust (COPT) (NYSE: OFC) announced today the formation of a joint venture with Opportunity Invest, LLC, a redevelopment company headed by CEO Richard Previdi and his partners John Graham and William Rand that has offices in Maryland, New Jersey and Boston.
The six main properties that have been developed by the joint venture include the following: MacFadyen kimberlite property, the Kyle kimberlite properties, McFaulds Lake VMS properties, Diagnos initiative properties, Freewest option property and the Wawa property.

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