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A joint venture is a type of corporate entity created for the purpose of investing jointly with another company or enterprise on a particular business project. They may be formed through various different ways, but typically the investor will contribute capital and management skills to enable the venture to achieve its objectives. Joint ventures can also take many legal forms such as limited partnerships, general partnerships, and combinations thereof.

In finance, a joint venture is an agreement between two or more parties that help each other with doing things such as financial analysis and buying goods and services related to their businesses. They are known to be risky but can be profitable if done correctly.

A joint venture is a legal structure that allows parties to share information and use each other’s resources. For instance, an insurance company might wish to enter a joint venture with a medical company whose expertise is in connecting patients with certain conditions with doctors who can treat their ailments. Sharing data and referrals could help both parties expand their reach and profitability. Since the venture may be considered an extension of both companies, it is essential that they set up guidelines for how the venture will operate before entering into it.
For example, the insurance company could promise to support the venture by providing insurance referrals for patients who are referred to it by the medical office. The venture would have to agree not to directly compete with the other party’s business practices, or else both parties could be found in violation of antitrust laws. To protect themselves, each party would also probably insist that they own a majority of shares in their joint venture.

A joint-venture agreement can be as formal as a contract between two companies and as consistent as an informal alliance among several parties. In both cases, an essential component is agreement on roles and responsibilities; it is critical that each firm clearly understand its obligations and those of the other partners.

Joint ventures are often used by larger companies when they are confronted with an opportunity that is too expensive or difficult to pursue alone. For example, when a smaller company is faced with building a large factory, it may require the help of an established firm whose name the small company does not have, yet which has the money and expertise to make things come together.

Although some joint ventures may be beneficial to both parties, most entail some degree of risk for everyone involved. When done properly, however, they provide opportunities for growth and new business practices that allow each party to gain more experience in various areas.

Joint Ventures Vs Alliances
A joint venture is generally distinguished from an alliance, where the parties are not legally separate companies. An alliance is typically used for ventures that involve more than two parties, whereas a joint venture generally does not include more than two or three parties at any given time. A partnership, on the other hand, is between one or more entities and others who are not legally separate entities; it may be defined as a four-person business established on the principle of partnership.

When one or more parties to a venture decide to leave (or become financially unable to continue) due to financial issues, the remaining members of the venture can continue on their own with an option to purchase all of their original shares at any price they choose. The venture may be dissolved by all parties choosing to dissolve it at their own will. When the venture is dissolved, the remaining members are free to continue on their own or form another joint venture.
It is important for partners in a joint venture to have formal agreements for how things are handled should one of the partners leave because not all joint ventures are theoretically compatible. A joint-venture agreement sets out how the parties work together, including sharing information that is helpful in advancing their individual businesses.

A joint-venture agreement can be classified into four:

  1. Project Joint Venture. Created for specific purposes like creating a toll road, an office complex etc. The purpose of this kind of joint venture is clearly defined and limited to the completion of the single project as per the agreement of the venture. The Joint Venture arrangement comes to an end at the completion of the project.
  2. Functional Joint Venture. In this sort of arrangement, two companies come together because each has expertise in areas of mutual interest and they both therefore wish to build a symbiotic environment they can both benefit from.
  3. Vertical Joint Venture. The Joint venture here is between businesses in a similar supply chain. This arrangement is often entered into when one of the entities produces a kind of specialized good the other entity requires. For this purpose, they enter into this arrangement to develop and maintain the capacity of future production and avoid the uncertainty arising due to unavailability of this input material.
  4. Horizontal Joint Venture. This form of Joint venture happens between businesses producing similar goods or services. A joint venture arrangement here avails them considerable advantages both in terms of scale and geography i.e., the local partner has the know how of the local country such as established distribution network while the foreign partner can have the economies of scale.

Should you enter a Joint Venture Agreement?
Although a joint-venture agreement can provide significant benefits and opportunities for growth and expansion, it is also fraught with peril. For instance, what happens if one of the partners is found to be withholding information or otherwise operating in bad faith? There will always be some risk in this arrangement, so it is important to weigh the possible rewards against potential problems before entering such an arrangement.
If you are considering entering into a joint-venture agreement, it is wise to consult with a professional financial analyst or an attorney who can review the finances and language of the proposed contract and offer important advice on how to enter into such a venture with as little risk as possible.

Hire the best Joint Venture specialists in 2,900+ industries

Fintalent is the invite-only community for top-tier M&A consultants and Strategy talent. Hire global Joint Venture consultants with extensive experience in over 2,900 industries. Our platform allows you to build your team of independent Joint Venture specialists in 48 hours. Welcome to the future of Mergers & Acquisitions!

Why hire top Joint Venture experts?

Trusted Network

Every Fintalent is exclusively invited and vetted.

Ready in 48h​​​

Hire efficiently. Your M&A team is ready in 2 days or less.​​​​

Specialized Skills​

Fintalents are best-in-class - and specialized in 2,900+ industries.​

Code of Ethics​​

We guarantee highest integrity and ethical principles.​​​

Selected Clients and Partners

Frequently asked questions

Most frequent questions and answers

What clients usually engage your Joint Venture Consultants?

We work with clients from all over the world. Our clients range from enterprise and corporate clients to companies that are backed by Private Equity or Venture Capital funds. Furthermore, we work directly with Family Offices, Private Equity firms, and Asset Managers. Most of our enterprise clients have dedicated Corporate Development, M&A, and Strategy divisions which are utilizing our pool of Joint Venture talent to add on-demand and flexible resources, expertise, or staff to their in-house team.

How is Fintalent different?

Fintalent is not a staffing agency. We are a community of best-in-class Joint Venture professionals, highly specialized within their domains. We have streamlined the process of engaging the best Joint Venture talent and are able to provide clients with Joint Venture professionals within 48 hours of first engaging them. We believe that our platform provides more value for Corporates, Ventures, Private Equity and Venture Capital firms, and Family Offices.

Our Hiring Process – What do ‘Community-Approach’ and ‘Invite-to-Apply’ mean?

‘Invite-to-Apply’ is the process by which we shortlist candidates for the majority of projects on our platform. Often, due to the confidential nature of our clients’ projects, we do not release projects to our whole platform but using the matching technology and expertise of our internal team we select candidates who are the best fit for our clients’ needs. This approach also ensures engagement with our community of professionals on the Fintalent platform, and is a benefit both to our clients and independent professionals, as our freelancers have direct access to the roles best suited to their skills and are more likely to take an interest in a project if they have been sought out directly. In addition, if a member of our community is unavailable for a project but knows someone whose skill set perfectly fits the brief, they are able to invite them to apply for the role, utilizing the personal networks of each talent on our platform.

Which skills and expertise do your Fintalents have?

The Fintalents are hand-picked and vetted Joint Venture professionals, speak over 55 languages, and have professional experience in all geographical markets. Our Joint Venture consultants’ experience ranges from 3+ years as analysts at top investment banks and Strategy consultancies, to later career C-level executives. The average working experience is 6.9 years and 80% of all Fintalents range from 3-12 years into their careers.

Our Joint Venture consultants have experience in leading firms as well as interfacing with clients and wider corporate structures and management. What makes our Joint Venture talent pool stand out is the fact that they have technical backgrounds in over 2,900 industries.

How does the screening and onboarding of your Joint Venture talent work?

Fintalent.io is an invite-only platform and we believe in the power of referrals and a closed-loop community. Members of our community are able to invite a small number of professionals onto the platform. In addition, our team actively scouts for the best talent who have experience in investment banking or have worked at a global top management consultancy. All of our community-referred talent and scouted talent are subject to a rigorous screening process. As such, over the last 18 months totaling more than 750 hours of onboarding calls, of which only 40% have received an invite-link after the call.

What happens if I am not satisfied with my Joint Venture consultant’s work?

During your initial engagement with a member of our Fintalent talent pool with no risk. If you are not satisfied with the quality of your hire for any reason then we are able to find a replacement at short notice. There is no minimum commitment per project, but generally projects last at least 5 days and can last 12+ months.

Interested in our invite-only community of tier-1 Joint Venture experts?

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