Law360, New York (January 21, 2014, 2:07 PM EST) -- In general, parties come together to form joint ventures when all involved believe that they will have greater success working cooperatively on a specific project, product or business than they would have if they each undertook the endeavor on their own. More often than not, each of the parties individually lacks all of the requisite practical knowledge, resources and/or funding for the venture's success.
Below are the key benefits of forming a joint venture:
Sharing Assets. Creating a joint venture allows the participants to share their...
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