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A joint venture agreement is a legal contract between two entities, such as individuals or companies, aimed at pursuing a shared goal. In this video, the tutorial outlines the concept of a joint venture, distinguishes it from a partnership, and explores common applications for joint venture agreements. It emphasizes that joint ventures allow parties to combine resources to achieve objectives they couldn't accomplish independently. Typical uses include real estate developments, capital investments, and construction projects. Viewers are encouraged to click a link to begin filling out a tailored joint venture agreement that meets their specific needs.