Difference between a Joint Venture and a Partnership

Even though joint ventures are a type of partnership, they differ in the sense that joint ventures are limited in terms of their aims, tasks and time period.  Partnerships, in general, last for many years, whereas joint ventures only last for a limited period of time and in particular, until the specific goals have been achieved.  In addition, member companies of joint ventures keep their company identity separate from the joint ventures, whereas in formed partnerships companies lose their individual identities.