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 entity for this project is most likely

Question

Business

Declan Wheeler

20 October, 13:01

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 entity for this project is most likely

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Answers (1)

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Paloma · Answer 1

A joint venture

Explanation:

A joint venture is a type of business arrangement where two or more parties agree to bring together their resources for the achievement of a common goal. It is a strategic partnership which is formed on shared objectives.

Because these two firms have agreed to combine their research and development capabilities to make a special, limited edition computer game, they have agreed to form a joint venture.