Types Of Joint Venture Agreements

The company can be a JV (for example. B Dow Corning), a project/asset-JV intended to pursue only a particular project, or a JV that aims to set standards or serve as an “industrial utility” providing a narrow range of services to industry players. Joint ventures are risky forms of business partnerships. The economic and managerial literature has taken into account several factors of conflict and opportunism in joint ventures, in particular the influence of the general control structure[9], the change of ownership and the volatile environment. [10] More broadly, joint ventures have a “dark side” related to potential negative outcomes, unethical behaviour and ill-intentioned organizations. [11] Termasing a joint venture is easiest whenever you have discussed the most important topics in advance. A contractual joint venture, such as.B.