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A foreign venture agreement is a legal contract that unites two entities—people or companies—to pursue a common goal. This video tutorial by e-forms, the world's largest database of fillable legal forms, explains joint ventures, differentiates them from partnerships, and outlines their common uses, such as in real estate developments, capital investments, and construction. It also provides guidance on creating a joint venture agreement tailored to specific needs. The tutorial emphasizes that joint ventures enable parties to achieve objectives collectively that they could not accomplish alone. Viewers are encouraged to click a link for assistance in filling out an agreement suited to their circumstances.