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 ?
KARACHI -- There is a big gap between academia and industry, which is being filled by the joint adventure of Higher Education Commission and Microsoft through supporting local IT professionals to benefit the country.
The Committee also gave a go ahead to the Pakistan Housing Authority for joint adventure project between PHA and M/S Noble Waters Private Limited as the firm has completed the necessary formalities.
AryaSasol`s acting deputy also announced that South African engineers are cooperation with Iranian counterparts to set up the joint adventure that is based on 50-50 percent share.
Bob Phillips, the athletics writer and broadcaster, said: 'With the help of a skilled journalist, Bill has turned the long-distance runner's lonely calling into a joint adventure in which any reader with the least interest in the achievements of the great ones in sport can share.
Mother and daughter have always enjoyed a close relationship, but their joint adventure to the North Pole three years ago - as part of the first ever women's polar expedition - cemented the strong bond between them.

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