consortium vs. joint venture
shivani dhasmana
mayank joshi
Joint Venture
A joint venture is a special combination of two or more persons where, in some specific venture, a profit is jointly sought without any actual partnership or corporate designation.
A consortium is an association of two or more individuals, companies, organisations or governments or any combination of these entities with the objective of participating in a common activity or pooling their resources for achieving a common goal. Each participant retains its separate legal status and the consortium’s control over each participant is generally limited to activities involving the joint , particularly the division of profits. A consortium is formed by an agreement or MoU, which gives the rights and obligations of each member. A consortium is defined as a group of companies participating for mutual benefit. Companies in a consortium co-operate with one another, often sharing resources as needed. A consortium allows the companies to conduct operations that they would not be able to do individually. It is important to note, however, that a consortium is not a merger and the companies remain independent.
Can anybody explain the difference between a consortium and Joint venture????
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Mayank Joshi