<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RC0ycQb3ti4yr7qDxhAD1Gl">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R7oBWHStfmqTLn2MypkW3Pj"/>
  <rdfs:label>Joint Venture</rdfs:label>
  <skos:altLabel>Business Partnership</skos:altLabel>
  <skos:altLabel>Collaborative Venture</skos:altLabel>
  <skos:altLabel>Strategic Alliance</skos:altLabel>
  <skos:prefLabel>Cooperative Enterprise</skos:prefLabel>
  <skos: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.</skos:definition>
  <skos:example>BMW and Toyota's joint venture to develop hydrogen fuel cell technology</skos:example>
  <skos:example>Sony Ericsson was a joint venture between Sony Corporation and Ericsson to produce mobile phones.</skos:example>
  <skos:example>The venture between Google and NASA to collaborate on space exploration technologies.</skos:example>
</owl:Class>