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JOINT VENTURE
JOINT VENTURE
ScnAdmin
a joining of two or more persons and their
knowledge
and
capital
in a common
business
undertaking
for
profit
. Usually its aim is the disposal of a
single
lot
of
goods
or the
completion
of a
single
project
. Thus it is a
limited
relationship and lacks the endurance and continuity of a
partnership
which usually carries forward in
time
for a long while;
joint
adventure.