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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 e-forms, the largest database of fillable legal forms, discusses the definition of a joint venture, differentiates it from a partnership, outlines common uses, and offers guidance on creating an effective joint venture agreement. Joint ventures are typically formed when the parties involved lack the resources or capacity to accomplish their objectives independently. Common applications for joint ventures include real estate developments, capital investments, and construction projects. Viewers are directed to click a link at the end to fill out a tailored agreement.