Cluster mission set to end with reentry over South Pacific
On 8 September 2024, the first of four satellites that make up ESA's Cluster mission will reenter Earth's atmosphere over the South Pacific Ocean Uninhabited Area.
On 8 September 2024, the first of four satellites that make up ESA's Cluster mission will reenter Earth's atmosphere over the South Pacific Ocean Uninhabited Area.
Planetary Sciences
Aug 22, 2024
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A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Fuji Xerox joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.
The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.
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