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In this video, Chip Cooper discusses how to set up and structure joint venture (JV) agreements as part of the "Rules of the Road" series. He outlines the typical progression for online entrepreneurs, starting with a direct marketing agreement for customer relations, then moving to an affiliate marketing program with relevant agreements, and finally advancing to joint ventures with JV agreements. The video aims to help viewers understand the structure and important clauses within joint venture agreements. It clarifies that the content is for informational purposes only and does not constitute legal advice.