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A joint venture agreement is a legal contract that connects two entities, whether individuals or companies, to pursue a shared goal. This video tutorial from eForms, the largest database of fillable legal forms, outlines key concepts such as the definition of a joint venture, the differences between joint ventures and partnerships, and common applications for these agreements. It emphasizes that joint ventures are formed when parties lack the individual resources or capacity to achieve their objectives alone. Typical uses for joint ventures include real estate development, capital investments, and construction projects. Viewers are encouraged to click a link at the end of the video to create a customized joint venture agreement.
