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A joint venture agreement is a legal contract that connects two entities, such as individuals or companies, to achieve a common goal. In this tutorial, the focus is on understanding what a joint venture is, differentiating it from a partnership, exploring common uses for joint venture agreements, and outlining how to create an effective agreement. Joint ventures are formed when parties lack the individual capacity or resources to accomplish a goal, allowing them to achieve objectives collectively. Common applications include real estate developments, capital investments, and construction projects. Viewers are encouraged to click a link to start filling out a tailored joint venture agreement.
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