FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/RC0ycQb3ti4yr7qDxhAD1Gl
Label Joint Venture
Preferred Label Cooperative Enterprise
Identifier N/A
Alternative Labels
Business Partnership Collaborative Venture Strategic Alliance

Definition

A joint venture is a business arrangement where two or more parties agree to pool their resources to accomplish a specific task, project, or business activity. Each party in a joint venture retains its separate legal status while sharing ownership, control, and profits of the joint enterprise.

Examples

  • • BMW and Toyota's joint venture to develop hydrogen fuel cell technology
  • • Sony Ericsson was a joint venture between Sony Corporation and Ericsson to produce mobile phones.
  • • The venture between Google and NASA to collaborate on space exploration technologies.

Class Relationships

Sub Class Of

Is Defined By

N/A

See Also

None

Parent Class Of 0

  • • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

None

Description

None

Notes

  • • None

Editorial Information

History Note

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Editorial Note

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Deprecated

No

Source and Origin

No source or origin information available