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Joint Ventures: What They Are and What to Consider Before Entering One
In today’s complex and competitive business landscape, joint ventures (JVs) offer a compelling way for businesses to collaborate, expand into new markets, share risks, and leverage complementary strengths. But while the benefits can be significant, entering a joint venture without careful planning can lead to complications, disputes, and unmet expectations. This article explores what a joint venture is, outlines the key factors to consider before entering one, and offers guidance to help you set the foundation for a successful business relationship. What is a Joint Venture? A joint venture (JV) is a…