Difference between revisions of "Create a Joint Venture"
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A joint venture is a strategic alliance or partnership between two or more parties that allows both parties—usually companies—to increase their ability to build their separate businesses. Joint ventures are commonly used by companies to become active in a new territory and return higher profits by expanding the company’s network. If you have a company that wants to grow in this way, you need to research and define your needs, seek out a viable partner, and then carefully draft a joint venture agreement (contract) that will build a strong partnership. | A joint venture is a strategic alliance or partnership between two or more parties that allows both parties—usually companies—to increase their ability to build their separate businesses. Joint ventures are commonly used by companies to become active in a new territory and return higher profits by expanding the company’s network. If you have a company that wants to grow in this way, you need to research and define your needs, seek out a viable partner, and then carefully draft a joint venture agreement (contract) that will build a strong partnership. | ||
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== Steps == | == Steps == | ||
===Planning for a Joint Venture=== | ===Planning for a Joint Venture=== | ||
