Contracts
Joint venture
A business arrangement where two or more companies combine resources for a specific project or a new shared company, sharing control, costs and profits. Often shortened to JV.
A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.
You'll hear it as
It's a joint venture: they bring the customers, we bring the technology.
Also called JV.
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