What is a partnership formed to achieve a specific goal or to operate for a specific period of time?

A partnership formed to achieve a specific goal or to operate for a specific period of time is known as a joint venture. In a joint venture, two or more parties collaborate, combining resources, expertise, and capital to pursue a particular project or business objective. This type of partnership typically has a defined duration and is dissolved once the goal is achieved or the project is completed. Joint ventures are common in industries such as construction, technology, and research.