ITPEC IP April 2025 Question 83
ITPEC IP April 2025 — Question 83 of 100
Joint venture — multiple companies jointly invest to form and operate a new organization for a shared business objective.
The partners contribute capital, technology, personnel, or other resources and share control, risk, and returns according to their agreement. This structure is appropriate for collaborative R&D and development of a new business.
Answer (c)
Why not others:
- (a) M&A combines or transfers control of existing companies through merger or acquisition
- (b) Cross-license grants parties rights to use each other's intellectual property
- (d) Spin-off separates a business or unit from an existing company
Key rule: A joint venture creates a jointly owned enterprise; contractual cooperation alone does not necessarily create a new organization.
AI-generated — may contain errors
The original exam layout is preserved in the image so diagrams, formulas, tables, and code remain accurate.
This question comes from an official ITPEC past paper. ITPEC Practice is an independent study tool and is not affiliated with ITPEC. See the official IP past-paper collection or Report an issue.