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 Definition of Joint venture - Finance dictionary
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Joint venture (See Chapters 6 and 41 of the Vernimmen)
A joint venture is the company controlled jointly by a limited number of partners. The key factors determining joint control are: i) a limited number of partners sharing control (without any partner able to claim exclusive control), and ii) a contractual arrangement outlining and defining how this joint control is to be exercised.
Joint venture (See Chapters 6 and 41 of the Vernimmen)
A joint venture is the company controlled jointly by a limited number of partners. The key factors determining joint control are: i) a limited number of partners sharing control (without any partner able to claim exclusive control), and ii) a contractual arrangement outlining and defining how this joint control is to be exercised.
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Joint venture (See Chapters 6 and 41 of the Vernimmen)
A joint venture is the company controlled jointly by a limited number of partners. The key factors determining joint control are: i) a limited number of partners sharing control (without any partner able to claim exclusive control), and ii) a contractual arrangement outlining and defining how this joint control is to be exercised.
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