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, Coopetition, Forward Integration, Quasi-Vertical Integration, Strategic Alliance, more...

MBA Brief offers brief, yet very accurate definitions of MBA concepts, frameworks, methods and models. We keep it short and provide some links in case you'd like to learn more around a subject.