What is a Joint Venture?

A commercial arrangement entered into between two or more parties, who agree to pool their resources, to accomplish an intended project (or other business activity) is referred to as a Joint Venture (“JV”). Effectively, it is a collaboration between two companies. Such collaboration can be either purely financial or technical-cum-financial. In the Indian context, most of the JVs are between a foreign company and an Indian company and are primarily to bring in newer technologies to India.Continue Reading Joint Ventures: Why do they break-up?