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A joint venture agreement is a legal contract between two entities aimed at achieving a common goal. This tutorial from e-forms, the world's largest database of fillable legal forms, explains the concept of joint ventures, how they differ from partnerships, and their common applications, such as in real estate developments, capital investments, and construction projects. A joint venture allows entities to pool their resources when they individually lack the capacity to reach a particular objective. The video also provides guidance on creating a suitable joint venture agreement. To personalize your agreement, click the link at the end of the video.