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A joint venture agreement is a legal contract between entities, either individuals or companies, to pursue a shared goal. This video tutorial from eForms, the largest database of fillable legal forms, explains what a joint venture is, how it differs from a partnership, its common applications, and how to create an effective joint venture agreement. Joint ventures typically arise when parties lack the resources or capacity to accomplish their objectives independently. Common uses include real estate developments, capital investments, and construction projects. Viewers are encouraged to click a link at the video's end to access an agreement tailored to their needs.