A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. ... In a joint venture (JV), each of the participants is responsible for profits, losses, and costs associated with it.

A joint venture (JV) is a tactical partnership where two or more people or companies agree to put in goods, services and/or capital to a uniform commercial project. ... Establishing a joint venture company is the preferred form of corporate structure for foreign investors doing business in India..

A Joint Venture can be termed as a contractual arrangement between two companies, aiming to undertake a specific task. In a partnership, partners agree to share the profits and take the burden of loss incurred. However, in joint venture, it is not just profit that binds the parties together

A joint venture involves two or more persons or entities joining together in particular project, whereas in a partnership, it is individuals who join together for a combined business. ... Typically, in a partnership, persons involved are co-owners of a business venture and their aim is making a profit.