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A joint venture agreement is a legal contract that binds two entities, either individuals or companies, to work towards a shared goal. This video tutorial from e-forms, the largest database of fillable legal forms, explains the concept of joint ventures compared to partnerships, highlights common uses such as real estate developments, capital investments, and construction, and guides on creating an effective joint venture agreement. The presentation emphasizes that joint ventures are formed when parties lack the individual capacity or resources to achieve their objectives, allowing them to accomplish tasks collaboratively. Viewers are encouraged to click the link provided to fill out a tailored agreement.
