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In this tutorial, the speaker discusses the distinctions between joint ventures and collaborations. Joint ventures involve two companies coming together to undertake a large project that one cannot handle alone, typically seen in large construction projects. This arrangement results in the formation of a joint venture company (JV Co), which is usually owned 50/50 or 51/49 by the partners. In contrast, collaborations, also known as contractual joint ventures, do not require the establishment of a separate company. Instead, they involve contractual agreements that outline the terms of collaboration between the parties, commonly used in various business relationships.
