Konubinix' opinionated web of thoughts

Joint Venture

Fleeting

two or more businesses decide to combine their resources in order to fulfill an enumerated goal

https://www.investopedia.com/terms/j/jointventure.asp

can take advantage of the combined resources of both companies to achieve the goal of the venture

https://www.investopedia.com/terms/j/jointventure.asp

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

https://www.investopedia.com/terms/j/jointventure.asp

This task can be a new project or any other business activity

https://www.investopedia.com/terms/j/jointventure.asp