An entity created when two or more companies set about profitable activities collectively.

 

"The joint venture between Sony and Ericsson is an on-going one."

 

"I hope our joint venture with XYZ Company helps us refine our telecommunications product line and becomes profitable."

 

"We should be careful when considering a joint venture as we may have to share some of our core resources that are better kept for later."

 

"The lawyer said we would be good in compliance even if we go with the joint venture."