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What is an example of joint venture?

BHPBilliton is a joint venture with a British Company and an Australian company formed to combine the resources exploration competencies of both companies. Joint ventures are usually formed when two or more companies want to dig stuff out of the ground but cannot afford to do that on their own. Other examples of joint ventures do happen in other industries.


What is an earn in type joint venture?

An earn-in type joint venture is a partnership arrangement where one party contributes assets, typically in the form of minerals or property, while the other party earns an ownership stake by funding exploration or development activities to meet specified milestone targets. The party earning into the joint venture gradually increases its ownership stake as it meets these milestones, allowing it to share in the benefits of the project's success.


What is it called when two or more companies work together?

joint venture


Motiva Enterprise is a joint venture between which two companies?

Motiva Enterprise is a joint venture between two companies. One company is Shell Oil Company which is a wholly owned American subsidiary of Royal Dutch Shell. The other company is Saudi Refining which is controlled by Saudi Aramco. Motiva Enterprises is currently located in Houston, Texas.


What are the risks of a joint venture?

Some risks of a joint venture include conflicts between partners over decision-making, differences in management styles or cultures, potential for unequal contribution or commitment from partners, and the possibility of one partner failing to fulfill their obligations. It's important for partners to have a clear agreement outlining roles, responsibilities, and dispute resolution mechanisms to mitigate these risks.

Related Questions

Which are the top 10 joint venture companies in the world?

joint venture companies


What is the difference between a joint venture partner and subcontractor?

subcontractor join to main contractor to form joint venture but that venture is not partnership


When was Joint Venture - album - created?

Joint Venture - album - was created on 2005-11-15.


What is buyback joint venture?

joint venture, each partner provides inputs and absorbs outputs


What is the difference between merger and joint venture?

The Joint Venture is temporary partnering and alliance but Merger is permanently combination.


When was Wahaha Joint Venture Company created?

Wahaha Joint Venture Company was created on 1996-03-28.


Advantages of joint-venture over partnership?

If taxed as a partnership why is a joint venture different. why is it not considered a partnership too Can a member of the joint venture spend whatever they want without consulting the other member


Global One was a joint venture of what companies?

Global One, a joint venture of Deutsche Telekom, France Telecom, and Sprint.


Have you ever joined a joint venture with another company before"?

Yes, have you ever partnered with another company in a joint venture before?


What are the documents Required for a Joint Venture Agreement?

Following documents are required for Joint Venture Agreement: A written agreement signed by all joint venture participants. Photocopies of government-issued identity documents of all parties, such as a passport, PAN card, or voter ID card. If the joint venture involves companies, a copy of the Incorporation Certificate of each company. PAN cards of all parties involved in the joint venture agreement. Bank account details of all parties, including cancelled cheques. A document outlining the joint venture’s objective, objectives, and each party’s rights and obligations. If the joint venture is a company, proof of registered office, such as a rent agreement or util


Is joint venture is a real account?

yes


How are joint venture entities taxed?

In order to know how joint ventures are taxed it depends on the type of joint venture formed. There are joint venture companies and just a partnership without forming a legal company. Any, attorney or law website can explain this further. Out-law.com is a good place to start.