Purpose of Trademark

The term joint venture(JV) refers to a business arrangement in which two or more parties agree to pool their resources in order to accomplish a specific business objective. This business objective might consist of beginning a new project or other kinds of business activities. A joint venture involves multiple participants who are responsible for the profits, losses, and costs associated with running the joint venture. In fact, the venture is an independent entity, separate from the other business interests held by the participants. PRINCIPLES JV means joint venture and means that the process of two or more parties pooling their resources for the purpose of accomplishing a specific task is defined as a business arrangement. They are partnerships in the colloquial sense of the word, but they may also take on other legal structures if they so choose. As one of the common uses for JVs, it's usually used to partner up with an existing business to break into a foreign market. Overview of...