When ownership is shared between foreign partners it is known as a:

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A joint venture is a business entity in which ownership is shared between two or more parties, often from different countries. This differs from a wholly owned subsidiary where one company has complete control and ownership over another company. Licensing agreements involve giving permission for another company to use your intellectual property, while a foreign partnership is a general term that can encompass a variety of business arrangements. Joint subsidiary is not a commonly used term in international business.

When Ownership Is Shared Between Foreign Partners It Is Known