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A joint venture agreement is a legal contract between two entities, individuals or companies, aimed at achieving a mutual goal. This video from e-Forms, the largest database of fillable legal forms, explains the concept of joint ventures, differentiating them from partnerships, and highlights their common applications, such as in real estate developments, capital investments, and construction projects. It emphasizes that entities form joint ventures when they lack the individual capacity or resources to achieve goals on their own, allowing them to collaborate for greater effectiveness. Viewers are encouraged to click a link to create a customized joint venture agreement.
