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A joint venture agreement is a legal contract that connects two entities, either individuals or companies, to achieve a shared goal. The video tutorial from e-forms, the largest database of fillable legal forms, explains the concept of joint ventures, differentiates them from partnerships, and discusses their common uses, such as in real estate development, capital investments, and construction. It emphasizes that joint ventures allow parties to combine resources to accomplish objectives they could not achieve alone. The video also offers guidance on creating an effective joint venture agreement tailored to specific needs, with a link provided for viewers to access a customizable agreement.