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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 from e-forms, the largest database of fillable legal forms, explains what a joint venture is, differentiates it from a partnership, explores common uses for joint venture agreements, and provides guidance on how to create an effective agreement. Joint ventures are formed when parties lack the individual capacity or resources to achieve certain objectives. Typical applications include real estate developments, capital investments, and construction projects. For more personalized assistance, viewers can click the link at the video’s end to start filling out an agreement tailored to their needs.
