Want to access a new market, deliver ground-breaking innovations, scale up production or expand business into new territories? Joint ventures can be a highly effective strategy, allowing businesses to combine strengths with complementary partners to explore lucrative new markets, combine assets and operations to gain economies of scale or access skills and intellectual property to power innovation. The benefits of joint ventures can be significant, but they are not without risk. When entering a joint venture, parties must conduct rigorous due diligence on all aspects of the prospective partner and a core pillar of due diligence is assessing bribery and corruption risk.
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