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What is the difference between a joint venture and a partnership?

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Question added by wajdi hamza , محامي , مكتب حمزة لمحاماة الاعمال
Date Posted: 2016/08/07
Gayasuddin Mohammed
by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

Partnership firm is a firm established under Partnership Act with respect to their capital share of each partner for conducting their business and upon their pre-agreed terms and conditions. Thanks.

 

Joint Venture (JV) basically within my knowledge, it is to conduct or to complete a project which was undertaken jointly by two companies which were established under Companies Act. Thanks.

Kazi Musharrof Rashed
by Kazi Musharrof Rashed , ADVOCATE , Judges' Court, Sylhet

The Key difference between a Joint Venture and a Partnership is that, Joint Venture does not have any specific regulation to be governed, whereas the Partnership is governed by Partnership Act.

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