What is a primary characteristic of a joint venture when compared to a partnership?

A primary characteristic of a joint venture is that it is specifically formed for a particular, often time-limited project or objective. Unlike a partnership, which typically involves a more enduring relationship and can encompass a wide range of business activities over an extended period, a joint venture is focused on a single venture or endeavor. This allows the parties involved to pool resources and expertise for that specific purpose without necessarily committing to a wider or long-term business relationship. The temporary nature and targeted scope of a joint venture often allow businesses to collaborate on projects that may be too large or risky to undertake independently. This focus distinguishes joint ventures from partnerships, which are usually designed for ongoing business operations and relationships.