an undertaking involving risk in which two are more parties agree to face the potential uncertainty of shared loss in the hope of shared profit. definition of joint venture defined definition of joint-venture enterprise defined
a general partnership formed to undertake a particular joint business transaction, project or endeavor. This is a mutually beneficial arrangement wherein both parties benefit from their combined resources.
A joint venture is somewhat like a partnership, but is usually formed by two or more persons for a single purpose as opposed to most partnerships that are formed for ongoing business. For income tax purposes, it may be treated as either a corporation or a partnership.
is an unincorporated business agreement between two parties where their interests and business objectives are pooled and aligned. A joint venture is usually governed by a management committee composed of all of the parties. One of the parties is nominated as the operator and is responsible for the day-to-day operation of the joint venture and reporting to the management committee. Commonly the joint venture is governed by a vote of management committee where the votes cast are a proportion of their percentage interest in the joint venture. Joint ventures also usually provide for the dilution, or reduction in interest, of one of the parties should it elect not to contribute to the ongoing business of the joint venture.
An international business undertaking involving a long-term commitment of funds, facilities, and services --as well as joint management and sharing of risks and profits --between two firms from different countries. Many countries impose restrictions on joint ventures, such as foreign equity limits, local control legislation, and restrictions on repatriation of dividends. If joint ownership of capital is involved, the partnership is known as an equity joint venture. If more than two companies are involved, it is usually called a consortium.
In a joint venture both firms share, in some proportion, the responsibility and the profits or loss on a contract. They are considered affiliated (see "Affiliates," above) for the purpose of that contract. Normally, the revenues or the employees of both firms are added together to determine the size of a joint venture. Judgment: Judicial determination of the existence of an indebtedness, or other legal liability.
or JV refers to a standard form of participation in petroleum exploration, via unincorporated joint arrangements between a number of industry participants, with one party operating the permit (i.e. managing the operations) on behalf of all the participants, and Joint Venturers has a corresponding meaning.
An entity in which the reporting entity holds an interest on a long-term basis and is jointly controlled by the reporting entity and one or more other venturers under a contractual arrangement. [FRS 9, para. 4
Joint venture loans cover a wide range of capital needs and sources. When a developer needs capital or additional capital he may seek a joint venture partner for the funds. Investment bankers, banks and private parties are the major sources. However, hard-money/bridge loans are usually funded faster and are less expensive than equity partner deals.
An agreement between companies to enter into a partnership for a specific project. A commercial undertaking entered into by two or more parties, usually in the short term. Joint ventures differ from partnerships in that they are limited by time or activity. Separate books are not usually kept and the joint ventures will have a profit- or loss-sharing ratio for the purpose of the joint venture only. Joint ventures often carry on their principal businesses independently of, and at the same time as, the joint venture. Joint ventures are becoming increasingly common as companies cooperate with each other in international markets, in order to share costs, exploit new technologies, or gain access to new markets.
A large-scale project in which two or more parties (usually oil companies) cooperate. One supplies funds and the other actually carries out the project. Each participant retains control over his share, including liability and the right to sell.
This refers to an enterprise where two or more investors agree, as co-owners, to engage in business for profit. The extent of ownership of each partner determines its profit shares. It is common for one partner to own a minority of the total shares.
A legal entity or other contractual arrangement in which a government participates as a separate and specific activity for the benefit of the pubic or service recipients and in which the government retains an ongoing financial interest.
An enterprise participated in by persons acting together with a community of interests, each person having the right to participate in management. For income tax purposes, a joint venture is taxed similarly to a partnership — i.e., not taxed at the entity level, but treated as a pass-through mechanism.
An independent business formed cooperatively by two or more parent firms. This type of partnership is often used to avoid restrictions on foreign ownership and for longer-term arrangements that require joint product development, manufacturing and marketing. In a specifically American legal context, however, a joint venture is a collaboration between two companies to carry out a particular, individual project. The venture lasts only as long as the project does and is governed by the partnership laws of the state where it was formed.
a business arrangement in which the participants create a new business entity or official contractual relationship and share investment and operation expenses, management responsibilities, and profits and losses
a business relationship where all involved remain independent entities, but they work together on a marketing effort to share revenues, which are split by a predetermined amount prior to commencing the relationship
a foreign investment established and registered under the laws and regulations of the Lao PDR which is jointly owned and operated by one or more foreign investors and by one or more domestic Lao investors
a legal arrangement whereby two or more entities carry out a business activity under some form of common control or management, or at least share a common aim and common interest in pursuing a common enterprise
an association of two or more individuals or business entities who combine and pool their respective expertise, financial resources, skills, experience, and knowledge in the furtherance of a particular project or undertaking
a special combination of two or more legal entities which agree to carry out a single business enterprise for profit, and for which purpose they combine their property, money, effects, skill and knowledge
An undertaking by two parties for a specific purpose and duration, taking any of several legal forms. Two corporations, for example, perhaps from two different countries, may undertake to provide a product or service that is distinct, in kind or location, from what the companies do on their own.
A type of partial structural integration in which one or more separate organizations combine resources to achieve a stated objective. The participating companies share ownership of the venture and responsibility for its operations, but usually maintain separate ownership and control over their operations outside of the joint venture.
An undertaking in which an NHS Foundation Trust is a corporate member. Joint ventures may be commercial or non-commercial and may involve an NHS Foundation Trust becoming a member of a company alongside one or more other public/private sector
A form of strategic alliance in which a business is owned jointly by two or more independent firms that continue to function separately in all other respects but pool their resources in a particular line of activity.
The onshore and offshore companies cooperatively form a new, separate company for a specific purpose, such as a manufacturing startup. Joint ventures are generally a long-term solution and require capital investment.
An entity in which the group holds an interest on a long term basis and is jointly controlled by the group and one or more venturers under a contractual arrangement whereby decisions on financial and operating policies essential to the operation, performance and financial position of the venture require each venturer's consent
A legal entity created by two or more businesses joining together to conduct a specific business enterprise with both parties sharing profits and losses. It differs from a strategic alliance in that there is a specific legal entity created.
A type of internet marketing strategy wherein two or more people go together on a project. Most commonly, an unknown will develop a product, and "JV" with a more experienced person who either has marketing skills lacked by the newcomer, or perhaps has a name and reputation, or a large mailing list, that will help to sell the product.
A partnership established by two or more persons to carry out a specific undertaking. It usually is dissolved after the objective has been achieved. For the duration of the agreement, each partner has unlimited liability.
A business entity composed of two or more people joined together to conduct a single enterprise for profit. It is treated legally almost like a partnership, but differs from a partnership by having as its objects a single venture instead of a continuing business.
an international business collaboration between foreign interests and private parties from a host country in which two or more parties establish a new business enterprise to which each contributes and where ownership and control are shared.
A Joint Venture is an association of two or more businesses – including one certifed local, small, or disadvantaged business enterprise with at least 51 percent ownership, management and control – temporarily formed to carry out a single business activity or project for profit in which they combine their property, capital, efforts, skills, and knowledge. The association is limited in scope and duration. The LSDBE venture partner must remain within the above small business size standards in order to qualify for approval, in accordance with DCMR Section 812.12. (FS).
An arrangement involving at least two business entities joining together for a specific business purpose, e.g. exploitation of particular IP rights, to enhance the productive potential of both companies. May involve a new entity part owned by each participant (incorporated joint venture) or a contractual arrangement only (unincorporated joint venture).
an agreement by two or more individuals or entities to engage in a single project or undertaking. Joint ventures are used in real estate development as a means of raising capital and spreading risk. For all practical purposes a joint venture is similar to a general partnership. However, once the purpose of the joint venture has been accomplished, the entity ceases to exist. (empty)
An agreement between two or more parties to cooperate on a project. Unlike a partnership, the parties remain separateâ€•although they may have varying levels of responsibilities for portions of the project. Joint ventures are usually intended for a limited duration and are dissolved once the project is complete. Jointure Similar to dower rights, jointure receives to property given to a bride before marriage.
Two or more employers (usually contractors) who associate and collaborate for the purpose of undertaking one or more projects. The projects under taken by a Joint Venture are usually of a limited duration with specified objective(s).
Either A joint owner ship of a firm by two or more persons or other firms, or partnership between two or more companies mutually engaged in a part icular venture such as a major project. In this case, the venture exists for a specific purpose for a limited time. [D02910] PMDT
The joining of two or more people to conduct a specific business enterprise. A joint venture is similar to a partnership in that it must be created by agreement between the parties to share in the losses and profits of the venture. It is unlike a partnership in that the venture is for one specific project only, rather than for a continuing business relationship. ( See partnership )
A combination of two or more individuals or legal entities who undertake together a transaction for mutual gain or to engage in a commercial enterprise together with mutual sharing of profits and losses; or a form of business partnership involving joint management and the sharing of risks and profits as between enterprises based in different countries.
A form of ownership in which partners bring different attributes to the venture; typically, the partner who holds the majority ownership is in control of the venture and bears the greater burden of responsibility in its success or failure. An association typically formed between institutions and developers for the development of real estate.
(JV) An agreement by two or more individuals or entities to engage in a single project or undertaking. Joint ventures are used in real estate development as a means of raising capital and spreading risk. Joint ventures are similar to partnerships, however once the purpose of the joint venture is accomplished the partnership ceases to exist.
The term 'joint venture' for the purposes of this study is a partnership between a disability service organisation and a for-profit business, involving shared investment and shared risk, and enabling the partners to bring their own expertise to the venture. It can operate on either of the partner's site, or on a separate site established for the purpose.
a joint venture is where two or more persons (either individual people or companies) enter into an agreement to undertake a business venture for joint profit. The joint venture can be simply an agreement between the parties as to who does what, invests what and gets what at the end, or it can be an entirely new company set up for the specific purpose of pursuing the joint business.
an agreement between two or more independent businesses to create a project or business vehicle in which they will share the costs and management as well as the profits or benefits arising from the venture. The exact shares and responsibilities will be set out in a Joint venture Agreement.
an association of two or more parties who combine their money, property, knowledge, skills, experience, time or other resources in a joint business enterprise, agreeing to share the profits and the losses and each having some degree of control over the enterprise.
The term is used loosely to refer to a wide variety of legal arrangements in which two or more parties combine their resources for some limited purpose, for a limited time and agree to share the profits and losses from the venture. Generally the joint venture will be established by a contract in which the joint venturers agree they will do certain things to carry out their common purpose. A joint venture could be established by having an independent corporation hold the joint venture assets, or simply by the parties allowing the use of their own assets in the venture.
This expression is applied most often to construction ventures where several contractors agrees to combine together on a construction project rather than to act as separate contractors. Under the joint venture agreement, they share profits and losses in some agreed-upon proportion.
(A ‘coined’ expression) that refers to (not a Franchisor & Franchisee) but a Joint Venturor and Joint Venturee that operate a Limited Liability Company, with the primary Members being Independent Contractors, together with a Non-Compete and Non-Disclosure Agreement. This entity will primarily be operated under a continually updated (SOP) Standard Operations Manual.
A joint venture is usually a goal-oriented cooperation between two or more business, involving the creation of a separate organization managed jointly by the parties. The joint venture usually has its own management, employees, etc. Cooperation is limited to defined areas.
A business undertaking between two or more companies or organizations which will share ownership and control of the joint company’s activities. Français: Entreprise en participation Español: Empresa conjunta, empresa mixta, operación conjunta, proyecto mixto, proyecto en común, proyecto de riesgos compartidos
A cooperative agreement between two or more companies for a specific project or business venture, usually with one company acting as operator. All involved companies share in the costs and profits of the venture.
When two independent businesses wish to combine forces in a business project, they may form a joint venture to operate the new project as a separate enterprise. This can take the form of a simple contractual arrangement, a partnership or a joint venture company.
A type of partial structural integration in which one or more separate organizations combine resources to achieve a stated objective. For example, independent practice associations can share ownership of a venture and responsibility for its operations, but still maintain separate ownership and control over their operations outside of the joint venture.
An enterprise participated in by associates acting together, with a community of interests, each associate having the right to participate in its management. For income tax purposes, a joint venture is treated as a partnership, not taxable in its own capacity, but regarded as a taxpayer for the purpose of computing its taxable income, which is distributable among the associates in the proportions agreed upon. Such distributive shares are reported by the associates on their individual income tax returns.
A business activity of common purpose between two or more parties pursuant to an agreement to share profit and losses, management responsibilities and other business responsibilities and benefits as decided between them and at a mutually agreeable responsibility sharing percentages.
A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Sony Ericsson joint venture.
The German singer-songwriter duo Joint Venture, consisting of Martin "Kleinti" Simon and GÃ¶tz Widmann, was founded in 1993 in Bonn where they played their first show in October 1993. On July the 5th, 2000 Simon died of a heart attack, bringing an end to the Joint Venture. GÃ¶tz Widmann has since been playing solo, but keeping to the style of music played by Joint Venture.
An association of persons to jointly explore, finance or direct a particular development with a view to mutual profit. May be in various forms, that is, 50/50, 75/25 with the right to increase to 60/40 etc.