Joint Venture

Definition: A business arrangement in which participants combine resources or efforts for a defined undertaking, often a particular development or investment project.

Example

A landowner and a developer collaborate to build and sell a specified project.

Keep the distinction clear

The joint venture's legal entity, agreement, and governing law determine control and liability. Calling an arrangement a joint venture does not by itself create a liability shield.

Related terms

Partnership · Investment · Limited Liability Company (LLC)

Keep studying

Corporation Sole, Sole Proprietorship, and Single-Owner Businesses

References: FREC Course II syllabus: investment concepts

Pronunciation (US): JOYNT VEN-cher (capitals show stress)

Pronunciation reference: Merriam-Webster