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A joint venture agreement is a legal contract between two entities, either individuals or companies, aimed at achieving a common goal. This video tutorial from e-forms, the largest database of fillable legal forms, explores the definition of a joint venture, differentiates it from a partnership, and outlines its common applications. Joint ventures are typically formed when the parties involved lack the necessary resources or capabilities to accomplish a goal independently. Common uses for these agreements include real estate developments, capital investments, and construction projects. The tutorial also provides guidance on creating a tailored joint venture agreement, with a link to start the process featured at the end.
