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State Joint Venture

Joint Venture: It is an arrangement where two or more persons (that is, participants) work altogether in a restricted and stated business undertaking. Normally, all participants of the joint venture add assets, share risks, and encompass mutual liability.

A joint venture agreement is not an ongoing relationship among participants. For illustration, the venture might be for one particular business project. Once the project is finished, the joint venture ceases to subsist.

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