A joint venture, as defined by Webster’s, is an
entity formed between two or more parties to
undertake an economic activity together. The
parties that wish to form this group, though
separate at the beginning of the venture,
makes agreed upon allowances in work
division and economic contributions.
The venture is usually for one specific project only and usually the venture
will break once that particular job is done. Sometimes the ventures, if
successful, will come together as a continued venture in another line of
direction or the venture will follow the same line, but will end when the
venture goal ends.... Click here to download the book for free
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