Category Archives: Financial Agreements

successful joint venture

How to form a Successful Joint Venture

How to form a Successful Joint Venture

joint venture, sometimes known as a strategic alliance, and even occasionally, albeit incorrectly, referred to as a business partnership, is being increasingly used by businesses that want to explore new opportunities, find new leads, attract new customers and take sales to new levels. But before diving into a joint venture, be sure to plan carefully and consider all the consequences before signing on the dotted line. Although joint ventures often do not involve upfront costs, they do require an investment of time, effort and resources to make the venture work.