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A joint venture agreement is a legal contract uniting two entities to pursue a common goal. In this video, the tutorial explains the concept of a joint venture, distinguishing it from a partnership. It outlines common applications of joint ventures, such as in real estate developments, capital investments, and construction, emphasizing that entities typically form a joint venture when they lack the individual capacity or resources to achieve their aims. The video guides users on creating an effective joint venture agreement tailored to their specific needs and invites viewers to click a link at the end to begin filling out the agreement form.
