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a joint venture is a commercial arrangement between two independents economic entities and the joint venture is essentially those two parties coming together to achieve a common goal so it might be solar product it might be Tucson a service thats why you would have a joint venture to achieve perhaps something that one of the parties could not achieve on their own all a joint venture agreement will include the term and scope of the agreements so the term obviously determining the length of time by which the joint venture is going to exist the scope of the project will obviously determine the services or the products that are going to be produced by the joint venture it could have the financial contributions so one party might be contributing more financially to the joint venture than the other there could be confidentiality obligations as well particularly if one party is bringing a loss of trade secrets to the joint venture so a number of different things that you would incorporate in
