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A joint venture agreement is a legal contract that brings together two entities—individuals or companies—to pursue a shared objective. This video from e-forms, the largest database of fillable legal forms, explains the concept of a joint venture, distinguishes it from a partnership, highlights common applications, and provides guidance on creating an effective agreement. The primary purpose of forming a joint venture is to combine resources and capabilities when individual entities cannot achieve their goals alone. Typical uses for joint ventures include real estate development, capital investments, and construction projects. For personalized assistance, viewers are encouraged to click the link at the end of the video to create a suitable agreement.
