Joint-ventures are recommended solutions for businesses seeking to unite efforts to achieve common objectives. Upside advises entrepreneurs who are open to exploring new opportunities, territories, and challenges in choosing strategic partnerships.
What are Joint-ventures?
Joint-ventures have emerged as an effective strategy for companies looking to expand their business horizons, share risks, and leverage resources. They can be carried out in two ways: contractual or corporate. In the former case, companies simply enter into an agreement to carry out a specific project or activity. In the latter case, companies create a new entity for the project, maintaining their identities and individual commercial interests unchanged. The duration of the Joint-venture can be limited or indefinite, depending on what has been agreed upon by the parties.