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A joint venture agreement is a legal contract that brings together two entities, whether individuals or companies, to achieve a common goal. This video tutorial from e-forms, the largest database of fillable legal forms, explains the concept of joint ventures, highlights the differences between joint ventures and partnerships, outlines common uses for joint venture agreements, and provides guidance on creating an effective joint venture agreement. Joint ventures are often formed when parties lack the individual capacity or resources to achieve a specific objective. Common applications include real estate developments, capital investments, and construction projects. Click the link at the end to start filling out a suitable agreement for your needs.