Joint Venture

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January 1, 1 6 min read Definitions

Joint Venture Business Partnerships Property Investment Real Estate Tenancy in Common Limited Partnership

A Joint Venture (JV) is an agreement between two or more parties to pool their resources for the purpose of accomplishing a specific task. This task can be a business activity or a property investment. Each party in the joint venture retains their individual profits, losses, and assets, while jointly sharing control over the project.