joint venturejoint venture: in business law, a contract, arrangement or u...: in business law, a contract, arrangement or understanding between two or more parties to carry out a specific business venture or commercial enterprise; the arrangement can be documented in a business contract known as a joint venturejoint venture: in business law, a contract, arrangement or u... agreement; the legal form of a joint venturejoint venture: in business law, a contract, arrangement or u... can vary; for example, two joint venturors may incorporate a limited companylimited company: in company law, a corporation or incorporat... as a special purpose vehicle (SPV), with both holding sharesshares: a unit in a company that quantifies what portion of ... in the SPV and the SPV conducting the business of the joint venturejoint venture: in business law, a contract, arrangement or u...; or two joint venturors may simply enter into a contractual cooperation agreement.