What are the characteristic of venture?

Answer 1

• Joint ventures are typically not a passive investment. Generally the parties need to contribute skills as well as money.
• Joint ventures are typically for a single business, development or project rather than a long term relationship between the co-ventures.
• Joint ventures usually are not the major activity of the parties concerned. If they're individuals they'll have day jobs. In the business word they'll have a core business to which the joint venture is an adjunct typically. The joint venture is a collaborative extension of their commercial activities.
• The association between the participants is almost invariably regulated by a written agreement called a Joint Venture Agreement (JVA).