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state two features of joint venture

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state two features of joint venture
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Sakshi Sharma??️??️ 5 years, 9 months ago

(1) AGREEMENT :- Two or more firms come to an agreement, to undertake a business, for a definite purpose and are bound by it. (2) DISSOLUTION :- Once the term or purpose of the joint venture is complete, the agreement comes to an end, and the accounts of the coventurers, are settled, as and when it is dissolved.
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