A joint venture is a partnership between two or more businesses that come together to share resources, intellectual property, and profits on a shared venture. It’s different from a partnership in that it often only involves one or two projects, rather than a lasting partnership. Forming a joint venture can be a great way for businesses to expand their markets, built new products, or go up against larger competitors. Sometimes large corporations partner with small local businesses as a way to penetrate a local market, which can be a mutually beneficial relationship for both of them. Although it can be an effective strategic move, bringing together two existing businesses can be messy and complicated unless the venture is carefully executed.
Find the information and documents you'll need to form a successful joint venture in this section. Browse through Joint Venture Agreements, and select the right joint venture agreement for your location and situation. Read articles on effective business partnerships and joint endeavors, and learn how to secure equal profits and involvement from both parties involved in the joint venture. Taking the proper steps can help prevent disagreements, disputes or even litigation between both parties down the line, and allow all businesses involved to reap the benefits of working together.