The Joint Venture is temporary partnering and alliance but Merger is permanently combination.
Chat with our AI personalities
subcontractor join to main contractor to form joint venture but that venture is not partnership
The purpose of equity alliance is less specific than a joint venture. Unlike a joint venture, one partner retains control through their majority shareholding in an equity alliance.
joint venture companies
joint venture, each partner provides inputs and absorbs outputs
AS 31 defines a Joint venture as A contractual arrangement whereby two or more parties undertake an economic activity that is subject to joint control. Joint control: The contractually agreed sharing of control over an economic activity such that no individual contracting party has control. A collaboration is a layman's term and is not part of any accounting std. It just means the coming together of 2 or more parties for the purpose of brainstorming and sharing of expertise.