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A venture agreement is a legal contract between two entities aimed at achieving a common goal. This video tutorial explains what a joint venture is, how it differs from a partnership, and its common uses. Joint ventures are typically formed when individuals or companies lack the capacity or resources to achieve specific objectives independently; by collaborating, they can accomplish goals they couldn't on their own. Common applications of joint venture agreements include real estate development, capital investments, and construction projects. Viewers are encouraged to click on a link at the video's end to fill out a personalized joint venture agreement.
