Dictionary
joint venture company
a company set up to enable two or more people or entities to undertake an enterprise together for profit for a limited purpose
Known as Fantele-Easteline Limited, the joint venture company is a logical progression from the teaming agreement signed between Fantele and Easteline in 2005.
Phrase Bank
- They invested £1 million in the new joint venture company.
- Arrangements were made to establish and operate a joint venture company.
- The parties intended to acquire the property by means of a joint venture company to be formed.
- The joint venture company (JVC) was 50% owned by Tardis Inc. and 50% owned by Franca S.a.r.l.
- An agreement was entered into by the joint venture company, the developer and the investor.