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A joint venture agreement is a legal contract between two entities aiming for a common objective. This video tutorial from e-forms, the largest database of fillable legal forms, explains the definition of a joint venture, distinguishes it from partnerships, outlines its common uses, and guides on creating an effective agreement. Joint ventures are typically formed when individuals or companies lack the resources to accomplish their goals independently. Popular applications include real estate development, capital investments, and construction projects. Viewers are encouraged to access a link at the end of the video to create a tailored agreement for their needs.