I don't think you fully get what a joint venture is. It is a specific term referring to a created entity, not simply 'venture' that is between two parties.
https://en.wikipedia.org/wiki/Joint_venture
"A joint venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance"
Ann: FBR and Brickworks form joint venture, page-80
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