ITPEC IP October 2022 Question 84
ITPEC IP October 2022 — Question 84 of 100
A jointly funded new company formed by several companies is a joint venture. The participating firms contribute capital and may share technology, personnel, risks, control, and returns in order to pursue a collaborative business or research objective.
Answer (c)
Why not others:
- M&A combines ownership through a merger or acquisition
- cross-licensing is a mutual grant of intellectual-property licenses
- a spin-off separates a business or division from an existing company
Key rule: Collaborative investment that establishes a separately owned company creates a joint venture.
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