Features of Joint Venture Company.
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Features of Joint Venture
There is an agreement between two or more persons for a single venture.
A joint venture comes to an end on completion of a specific venture.
Co-ventures share profits and losses in agreed proportion.
Since a joint venture is for a single venture, generally no firm name is used.
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Specific Purposes. Parties create joint ventures keeping pre-determined purposes in mind. ...
Agreement. The parties to a joint venture, i.e. the co-venturers, generally execute a written agreement between them. ...
Specific Duration. ...
Structure of the Venture. ...
Profit Sharing.
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