joint venture

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Definitions from WordNet

Noun joint venture has 1 sense

joint venture - a venture by a partnership or conglomerate designed to share risk or expertise; "a joint venture between the film companies to produce TV shows"
--₁ is a kind of venture
--₁ has particulars: foreign direct investment

Definitions from the Web

Joint Venture

Definition:

A joint venture refers to a business arrangement where two or more parties collaborate and pool their resources to undertake a specific project or activity. It involves sharing risks, costs, and profits between the participating entities.

Examples:

As a noun:

The joint venture between Company A and Company B aimed to develop a new line of eco-friendly products.
Through their joint venture, the two companies successfully entered the overseas market.

As a verb:

Company X plans to joint venture with a tech startup to develop innovative software solutions.
They joint ventured with a renowned chef to open a new restaurant in the city center.

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