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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 from e-Forms, the largest database of fillable legal forms, explains the concept of joint ventures, differentiates them from partnerships, and outlines their common uses. Joint ventures are often formed when entities lack the capacity or resources to achieve goals independently. Typical applications include real estate developments, capital investments, and construction projects. The video provides guidance on creating a joint venture agreement tailored to specific needs, with a link to get started on filling out a suitable agreement.
