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A joint venture is a legal contract that connects two entities, either individuals or companies, to pursue a shared goal. This video from e-forms, the largest database of fillable legal forms, outlines the concept of joint ventures, their distinction from partnerships, and their typical applications. Joint ventures are formed when entities lack the necessary resources to achieve their objectives independently. Common uses include real estate development, capital investments, and construction projects. The video also guides viewers on creating a tailored joint venture agreement and invites them to start filling out a suitable agreement via a provided link.
