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A venture agreement is a legal contract that connects two entities—individuals or companies—to achieve a shared goal. This video from e-forms aims to clarify the concept of a joint venture, differentiating it from partnerships. It discusses common applications for joint venture agreements, such as real estate developments, capital investments, and construction projects. Additionally, it offers guidance on creating a joint venture agreement tailored to specific needs. Viewers are encouraged to click a link at the video’s end to access a customizable agreement template. Overall, forming a joint venture allows parties to pool resources to accomplish objectives they could not achieve independently.