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A joint venture agreement is a legal contract between two entities, either individuals or companies, aimed at achieving a common goal. This video tutorial by e-Forms, which specializes in legal documents, explains the concept of a joint venture, distinguishing it from a partnership. It discusses common applications for joint ventures such as real estate developments, capital investments, and construction projects. The video also provides guidance on creating an effective joint venture agreement tailored to specific needs. Viewers are encouraged to click a link at the end to access a fillable agreement.