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A joint venture agreement is a legal contract between two entities, such as individuals or companies, aimed at achieving a common goal. This video tutorial by eForms, which hosts the largest database of fillable legal forms, explains the concept of joint ventures, differentiates them from partnerships, and highlights their typical applications, including real estate development and capital investments. It emphasizes that joint ventures allow parties to pool resources and capabilities to accomplish objectives they couldn't achieve alone. The video provides guidance on creating an effective joint venture agreement tailored to specific situations and offers a link for viewers to start filling out their own agreements.
