An Introduction to Joint Venture in India

A joint venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks. It is very much similar to partnership firm. Joint venture is a popular establishment because it cut down the costs and helps the parties to run and grow the business easily.

In joint venture, two or all parties share the both risk and profit of the business with each other. In addition to this, the properties of the companies are owned jointly and if joint venture is dissolved; then the properties will be divided equally. Joint venture can be both long term and short term agreement between the all parties.

Companies or entities opt joint venture besides the risk and profit sharing factors. For example, if one company has specific technology to manufacturer a product can opt joint venture with other companies which are expert in marketing. These two companies can work better with each other because one company will manufacture the good quality product with the help of their technology while another company who is expert in marketing will make the new market for that product to increase the profit. But to success the joint venture, partners must be selected very carefully.

Global Jurix is one of the top legal firms of India helps the companies to establish the joint venture. Established in 2002 and situated in Delhi, this legal firm has extensive experience in the desired field.

Global Jurix

S-191 C, 3rd floor, Manak Complex

School Block, Shakarpur

New Delhi - 110092, India,

Website:www(dot)globaljurix(dot)com 

Call at: +91-9810-062-387

Mail at: corporate(at)globaljurix(dot)com