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A joint venture agreement is a legal contract between two entities, whether individuals or companies, aimed at achieving a common goal. This video tutorial from e-forms, the world's largest database of fillable legal forms, explains the concept of joint ventures, distinguishes them from partnerships, and outlines their common uses, such as in real estate developments and capital investments. It emphasizes that entities form joint ventures when they lack the individual capability or resources to accomplish specific objectives. The tutorial also provides guidance on how to create an effective joint venture agreement tailored to individual needs, with a link available for viewers to start filling out an agreement.
