Sony Ericsson is another famous example of joint between two large companies. In this case, they joined forces in the early 2000s to be a world leader in mobile telephony. After several years as JOINT, the company eventually became solely owned by Sony. Sony. “Sony and Ericsson enter into a joint enterprise agreement.” Access october 20, 2019. A joint venture, strategic alliance or business alliance or consortium, also known as an Anglicanism joint venture, is a kind of long-term joint venture agreement between two or more people (usually corporations or traders) who are called partners or partners. A joint venture is not obligated to form a separate corporation or corporation. It is also called “common risk” because two or more companies come together to form a new product using a product taking into account the best tactics on the market. They retain their autonomy and are used strategically to create a new brand or unit. The purpose of a “joint venture” can vary from producing goods or providing services to seeking new markets or supporting each other in different parts of a product chain. It develops over a limited period of time in order to obtain economic benefits for its development.
In Ukraine, most joint ventures are operated in the form of a limited liability company because there is no legal form as a joint venture. The protection of the rights of foreign investors is guaranteed by Ukraine`s “Foreign Investment” Law. In Ukraine, the joint venture can be created without legal training and under the cooperation agreement (Dogovir pro spilnu diyalnist); Ukr. Договір про спільну діяльність). Under the Ukrainian Civil Code, the certification body may be made up of two or more parties; The rights and obligations of the parties are governed by the agreement. The cooperation agreement is widespread in Ukraine, particularly in the area of oil and gas extraction. It should be determined whether a joint venture involves only a strategic partnership between private companies or whether the concept can be applied to private companies in cooperation with national, provincial or local public organizations. If possible, the integration of private capital with public investment would bring incal characteristics to states, particularly where these joint actions take place in the field of science and technology.