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A joint venture agreement is a legal contract that connects two entities—individuals or companies—aimed at achieving a common goal. This video, presented by e-forms, the largest database of fillable legal forms, explains the concept of a joint venture, differentiates it from a partnership, discusses common uses such as real estate development, capital investments, and construction, and guides on how to create an effective joint venture agreement. The main purpose of forming a joint venture is to combine resources when individual capacity or resources are insufficient to meet a specific goal. For more tailored agreements, viewers are encouraged to click the link provided at the end of the video.