Joint venture

Joint venture

An agreement between 2 or more parties for a specific purpose where both parties share liability.

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Industry/Domain: Business services
Category: Marketing
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joint venture

Banking; Investment banking

Strategy for opening up a foreign market, whereby a company joins forces with partners in another country to set up a business there. Under this arrangement, ownership, management ...

joint venture

Professional careers; Sales

A risk-reducing method of market entry in which two firms combine forces to manufacture or market a product, a method of entry into a foreign market in which a firm joins with an ...

joint venture

Economy; Economics

A business where the provision of risk capital is shared between two or more firms.

joint venture

Business services; Marketing

An agreement between 2 or more parties for a specific purpose where both parties share liability.

joint venture

Financial services; General Finance

An agreement between two or more firms to undertake the same business strategy and plan of action.

joint venture

Health care; General

A type of partial structural integration in which one or more separate organizations combine resources to achieve a stated objective. For example, independent practice ...

corporation

Business services; Marketing

Corporations are a different form of partnership. They are artificial persons who can own property, pay taxes, hire employees, and engage in business.

articles of incorporation

Business services; Marketing

The document that frames the creation, organization, day-to-day operation, identity of registered agent, and dissolution of a corporation.

judicial dissolution

Business services; Marketing

A court's determination that a company should be dissolved for the good of the partners because the business has engaged in illegal activities.

constructive trust doctrine

Business services; Marketing

The theory that a partner who acquires profits for his own enrichment holds such funds for the benefit of the company as a whole and can be ordered to return such funds to the ...

actual authority

Business services; Marketing

Actual authority refers to the specific instructions, rights, and parameters granted to the agent from the principal.

ratification

Business services; Marketing

Confirmation of a prior act that may not have been authorized but to which the principal agrees to be bound is called ratification.

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