https://spec.edmcouncil.org/fibo/ontology/BE/LegalEntities/FormalBusinessOrganizations/JointVenture
legal entity that is formed between parties that pool their resources for the purpose of accomplishing a specific task but otherwise retain their distinct identities
Instances of fibo-be-le-fbo:JointVenture can have the following properties:
| PROPERTY | TYPE | DESCRIPTION | RANGE |
|---|
@prefix cmns-av: <https://www.omg.org/spec/Commons/AnnotationVocabulary/> .
@prefix cmns-org: <https://www.omg.org/spec/Commons/Organizations/> .
@prefix fibo-be-le-fbo: <https://spec.edmcouncil.org/fibo/ontology/BE/LegalEntities/FormalBusinessOrganizations/> .
@prefix owl: <http://www.w3.org/2002/07/owl#> .
@prefix rdfs: <http://www.w3.org/2000/01/rdf-schema#> .
@prefix skos: <http://www.w3.org/2004/02/skos/core#> .
fibo-be-le-fbo:JointVenture a owl:Class ;
rdfs:label "joint venture" ;
rdfs:isDefinedBy fibo-be-le-fbo: ;
rdfs:subClassOf cmns-org:LegalEntity ;
skos:definition "legal entity that is formed between parties that pool their resources for the purpose of accomplishing a specific task but otherwise retain their distinct identities" ;
cmns-av:explanatoryNote "In a joint venture, each of the participants is responsible for profits, losses, and costs associated with it. However, the venture is its own entity, separate from the participants' other business interests." .