Joint Venture

Definition: a Joint Venture is a strategic business partnering and legal agreement between two or more businesses to mutually accomplish a business objective. It is one type of Strategic Alliance.
The parties agree to create a new entity together by both contributing equity, and they usually share assets, costs, risks, profits, other rewards, and the control of the enterprise.

More on joint ventures. More on collaboration: Backward Integration, Forward Integration, Quasi-Vertical Integration, Strategic Alliance, Vertical Integration, more...