![]() See also contractual joint venture equity joint venture strategic alliance. Companies of different countries that enter into a joint venture govern their relationship through the International Joint Venture Contract. A joint venture is 2 or more people, companies or organisations who work together for specific purpose or project, rather than as an ongoing business. The terms of some joint ventures deals are regulated heavily by governments of certain countries (mainly developing counties) as to the limits of foreign ownership and the minimum amounts of money or assets invested. This new company would usually be located in the same country as one of the two partner companies, with the purpose of mutually establishing an activity with its own objectives: marketing and distribution, research, manufacturing, etc. ![]() ![]() These two companies set up a third company (the Joint Venture). It describes a commercial arrangement between two or more economically independent entities that can take. An agreement by two companies, typically one foreign and one domestic to work together for mutual benefit with specific ownership percentages specified in a long-term contract. This term has no specific meaning in English law.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |