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A venture agreement is a legal contract between two entities, either individuals or companies, aimed at achieving a common goal. This video tutorial by eForms, which provides a large database of fillable legal forms, covers key aspects of joint ventures. It explains the distinction between a joint venture and a partnership, outlines common applications for joint venture agreements, and offers guidance on creating an effective agreement. The main reason for forming a joint venture is to combine resources when individual capacities are insufficient for a project. Common uses include real estate development, capital investments, and construction projects. A link to customize an agreement is provided at the end of the video.
