Joint Venture
A joint venture (JV) is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets. There are other types of companies such as JV limited by guarantee, joint ventures limited by guarantee with partners holding shares.
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Famous quotes containing the words joint and/or venture:
“What’s a joint of mutton or two in a whole Lent?”
—William Shakespeare (1564–1616)
“Women have been taught that, for us, the earth is flat, and that if we venture out, we will fall off the edge. Some of us have ventured out nevertheless, and so far we have not fallen off. It is my faith, my feminist faith, that we will not.”
—Andrea Dworkin (b. 1946)