A joint venture is one wherein there are two parties involved in the business endeavor. Most of the corporate entities are joint ventures as there are several positives associated with them. However, there are no separate laws that cater to the joint ventures. A usual joint venture company is one wherein the two parties could be individuals or companies, they jointly start a business. The business already held by one of them is transferred to incorporate the new party. The other party will
Source: Joint Ventures