Full Function Joint Venture

Full Function Joint Venture definition

/fʊl/ /ˈfʌŋ(k)ʃ(ə)n/ /dʒɔɪnt/ /ˈvɛntʃə/

What does Full Function Joint Venture mean?

Joint venture created, jointly controlled and owned by two or more parents, operationally autonomous, not established merely to take over one specific function from its parents, and established on a permanent basis or for a sufficiently long duration to bring about lasting changes to the structure of the undertakings involved.

Variances

Full-function Joint Venture

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