what are some disadvantages of forming a joint venture 
joint venture contracts commonly limit the outside activities of participant companies while the project is in progress each company involved in a jv may be required to sign exclusivity agreements or a non compete agreement that affects current relationships with vendors or other business contacts the contract under which a jv is created may also expose each company to liability inherent to a partnership unless a separate business entity is established for the jv furthermore while companies participating in a jv share control work activities and use of resources are not always divided equally 