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i welcome you in the lecture of technology transfer through strategic alliance and joint venture and this is a six lecture of this particular series and i am starting a new module called joint venture so in these lecture i will concentrate more on joint venture options and we will discuss the different aspect of the joint venture in the subsequent lecture and i will take you through more in depth understanding of the subject not only the issues in the joint venture but what are the matter you should consider while we you are entering into a joint venture agreement so before i start discussing more about the joint venture let me take you through some of the common terms which used interchangeably in my last lectures i have telled intensively with strategical alliance and how you can use the strategical effectively for the purpose of the technology transfer but nevertheless let me draw your attention on this particular fact that the strategical alliance is a wider concept its a its a umb