Joint Venture (JV)

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A Joint Venture (JV) is a business arrangement in which two or more independent entities collaborate and combine their resources, expertise, and capital to pursue a specific project, venture, or business opportunity. Joint ventures are typically established through formal agreements or contracts that outline the terms, contributions, responsibilities, and profit-sharing arrangements between the participating parties. JVs enable companies to leverage each other’s strengths, share risks and costs, and access new markets or capabilities.