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FrançaisEquity joint venture (EJV)
A type of joint venture in which two or more parties set up a separate legal company to act as the vehicle for carrying out the project. This new company would usually be located in the same country as one of the two partner companies, with the purpose of mutually establishing an activity with its own objectives: marketing and distribution, research, manufacturing, etc. The joint venture contract establishes all the agreements needed to start up and manage the Joint Venture.
See also joint venture; contractual joint venture. Model of International Joint Venture Contract.
