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A joint venture agreement is a legal contract between two entities, such as individuals or companies, collaborating to achieve a common goal. This video, from e-forms—an extensive database of fillable legal forms—explains the nature of joint ventures and how they differ from partnerships. It highlights common applications for joint ventures, including real estate development, capital investments, and construction. Additionally, the tutorial provides guidance on creating an effective joint venture agreement tailored to specific needs. Finally, viewers are encouraged to utilize a provided link to start drafting an agreement that fits their situation.