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A joint venture agreement is a legal contract between two entities, such as individuals or companies, aimed at achieving a common goal. This video from e-Forms, the largest database of fillable legal forms, explains the concept of joint ventures, differentiates them from partnerships, and presents common applications for joint venture agreements. Typically, joint ventures are formed when parties lack the capacity or resources to accomplish their objectives independently. Common uses include real estate developments, capital investments, and construction projects. The video also guides viewers on creating a tailored joint venture agreement. A link to start filling out an agreement is provided at the end.
