What is a difference between equity joint venture and contractual joint venture?
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➡️ The contractual joint venture is a different legal arrangement from the incorporated or equity joint venture in which two or more parties set up a separate legal entity to act as the vehicle for carrying out the project. See also joint venture; equity joint venture.
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Joint venture Private Public Partnership
1. Joint venture refers to a business agreement in which two or more organisations come together to achieve mutual benefits and gains.
1. Private Public partnership is business venture which is funded and operated by government and one or more private companies.
2. The business organisations in a joint venture share their physical, financial and human resources. 2. In a PPP, the government contribution can be in form of kind or a one time grant.
3. In a joint venture, the partner firms share their losses and profits mutually. 3. In a PPP agreement, a private company provides public services for profits and bears the operational risk.
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