Joint Venture

A Joint Venture (JV) is a strategic alliance where two or more independent businesses pool resources and expertise to undertake a specific project or commercial enterprise for a defined period. Unlike a merger or acquisition, the participating entities retain their separate legal identities and operations, forming a new, distinct business entity solely for the purpose of the venture. JVs are commonly formed to share risks and costs for large projects, access new markets, leverage complementary technologies or intellectual property, or combine specialized skills that no single company possesses entirely.