Understand some of the basic Types of Joint Ventures
Understand the basic difference between Joint Venture and Partnership
| ||||||
For those unfamiliar between Joint Venture and Partnership,tabulated below in summary some of the differences: Joint Venture Partnership During the drafting of the agreement,the following aspects should at least be included: Definitions ( like technical terms specific to the industry) Identity of the partners Purpose of the joint venture Scope of the joint venture Activities of the joint venture Validity period of the agreement including time span of joint venture Contribution of [...] Generally,we need to understand what might be the potential issues when setting up a joint venture partnership. This might includes the following: Conflicts of interest if they are competitors Unable to delineate areas of responsibility Mistrust of each other Fear of loss of know-how Cultural barriers Different business practises Differing in ideas about pay [...] The following are the basic types of Joint venture partnership: • Complementary technology joint ventures- the partners combine their technologies to diversify their existing product or market portfolios • Market technology joint ventures – combination of the market knowledge of one partner with the production or product know-how of the other • Sales joint venture- [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
| Copyright ©2012 FMAccounting.com - All Rights Reserved WordPress SEO fine-tune by Meta SEO Pack from Poradnik Webmastera | ||||||
Recent Comments