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A joint venture agreement is a legal contract that connects two entities—individuals or companies—working towards a shared goal. This video tutorial from eForms, which features the largest database of fillable legal forms, explains the concept of joint ventures, distinguishes them from partnerships, and outlines their common applications. It emphasizes that organizations often enter into joint ventures to pool resources and capabilities to accomplish objectives they cannot achieve independently. Typical uses for joint ventures include real estate development, capital investments, and construction projects. Viewers are encouraged to click a link at the video's end to create a tailored joint venture agreement.
