Binary Corporation and Coda,Inc.,two software firms,wish to combine their research and development capabilities to make a special,limited edition computer game.The appropriate legal en?tity for this project is most likely

Question

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A joint venture is a temporary partnership or alliance formed between two or more businesses for a specific project or purpose. In this case, Binary Corporation and Coda, Inc. are coming together to develop a limited edition computer game. A joint venture allows both companies to share resources, expenses, and risks associated with the project without merging into a single entity. Therefore, a joint venture is the most appropriate legal entity for this project.