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In this video tutorial, the speaker explains the concepts of joint ventures and collaborations. Joint ventures occur when two companies collaborate to undertake a significant project that one cannot manage alone, commonly seen in large construction initiatives. These partnerships typically establish a joint venture company (JV Co), which is often evenly or unevenly owned (e.g., 50/50 or 51/49). In contrast, operations or contractual joint ventures do not require forming a new company. Instead, they consist of agreements between two parties outlining their collaborative terms for specific business activities. Collaborations are prevalent among companies seeking to achieve shared goals without forming a separate entity.
