JOINT VENTURE. INTRODUCTION. A joint venture is when two or more businesses pool their resources and expertise to achieve a particular goal, and were the risks and rewards are also been shared amongst the enterprise.
Reasons for JV
What can a JV give?
When you decide to create a joint venture, you should set out the terms and conditions in a written agreement. This will help prevent any misunderstandings once the joint venture is up and running.
A written agreement should cover: