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Joint Venture is an understanding between 2 or more parties sharing ownership, risks, returns.
Partnership is sharing profits and loss
The difference between the 2 is that in the Joint venture it can be limited to geographical area or any other condition where there will be JV., but for partnership there are no conditions.
Joint project is for example such as:
Industry or manufacturing a particular product then sell it or distribute it later to another party. Partnership types differ in
Type and nature in general means, for example, it is possible, for example, be:
Share capital without interference in management: management partnership is possible only: it is possible
Participate in management and capital partnership ratios differ with some of the terms for agreed between both parties which have specific percentages of partnership, for example, a ykod by 50% or more or
Lesser
Alternative Translations
