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Joint Venture

Definition: Combining of two or more companies for a specific project. Joint venture does not have the requirements of a formal partnership, thereby making it an attractive way of accessing technology, leveraginDefinition: g management expertise, and financing otherwise risky projects. Definition: [crh] An agreement between two or more firms to undertake the same business strategy and plan of action. See: Incorporated joint venture and Unicorporated joint venture. Definition: [crh] An agreement between two or more firms to undertake the same business strategy and plan of action.

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