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A joint venture agreement is a legal contract between two entities, such as individuals or companies, aimed at achieving a shared goal. In this video, e-forms, the largest database of fillable legal forms, explains the concept, highlighting the differences between a joint venture and a partnership. The tutorial discusses common applications for joint ventures, including real estate developments, capital investments, and construction projects. It emphasizes that joint ventures allow parties to collaborate when they lack the individual capacity or resources to reach their objectives alone. Viewers are encouraged to click the link at the video's end to create a tailored joint venture agreement.
