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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Some articles on joint venture:
... It is a joint venture with a total investment amount of 42,000,000 USD from Diamond Aircraft Industries GmbH, Binzhou Dagao General Aviation City Co ... On the 26th of November, 2006, the joint venture will be issued a quality certification by EASA it will sell 200 aircraft every year to the market of Europe and America ... The joint venture manufactures mainly DA40 Diamond Aircraft with a yearly production scale of 500 aircraft ...
... Further exploration of the region was carried out by Cortez Joint Venture which involved Placer Dome and Kenecott ( at the time Kenecott was a BP Minerals subsidiary) ... The result of the joint venture's exploration was the 1991 discovery of the Pipeline orebody ... The Cortez Joint Venture built the Pipeline Mine and mill in early 1996 following a series of ownership disputes with junior mining companies ...
... Tenere permit was awarded to a Chinese Canada joint venture ... An ExxonMobil-Petronas joint venture was sold sole rights to the "Agadem block" at the south of the basin in the Diffa Region north of Lake Chad, but never went beyond ... Petroleum Corporation in 2003, as the An ExxonMobil-Petronas joint venture in Agadem was not pursued by the companies ...
... It can be dissolved when Aims of original venture met Aims of original venture not met Either or both parties develop new goals Either or both parties no longer agree with joint ...
Famous quotes containing the words venture and/or joint:
“If Steam has done nothing else, it has at least added a whole new Species to English Literature ... the bookletsthe little thrilling romances, where the Murder comes at page fifteen, and the Wedding at page fortysurely they are due to Steam?
And when we travel by electricityif I may venture to develop your theorywe shall have leaflets instead of booklets, and the Murder and the Wedding will come on the same page.”
—Lewis Carroll [Charles Lutwidge Dodgson] (18321898)
“Your letter of excuses has arrived. I receive the letter but do not admit the excuses except in courtesy, as when a man treads on your toes and begs your pardonthe pardon is granted, but the joint aches, especially if there is a corn upon it.”
—George Gordon Noel Byron (17881824)