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A joint venture agreement is a legal contract between two entities, either individuals or companies, aiming to achieve a common goal. This video from e-forms, the largest database of fillable legal forms, explains the concept of a joint venture, differentiating it from a partnership. It discusses common applications for joint ventures, such as real estate developments and capital investments, and offers guidance on creating an effective joint venture agreement. The collaboration allows parties to accomplish goals they couldn't achieve independently. Viewers are encouraged to click a link at the video's end to start filling out a tailored agreement for their needs.