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What are joint ventures? Joint ventures are business arrangements where two or more parties collaborate to achieve specific goals while remaining independent entities. These partnerships can be temporary or long-term, depending on the project's nature. Why are they important? Joint ventures allow companies to pool resources, share risks, and access new markets or technologies. They often lead to innovation and growth that might be difficult to achieve alone. Who benefits from them? Both large corporations and small businesses can benefit from joint ventures. They provide opportunities for expansion, cost savings, and increased competitiveness. How do they work? Typically, each party contributes assets, knowledge, or capital to the venture, sharing profits and losses according to agreed terms.

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