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Pact is a word that is used to refer to a formal agreement between two countries or two people to do something. Pact is often used in newspapers. The long-standing trade pact between China and Britain is set to expire this week.
joint. adj., adv. referring to property, rights or obligations which are united, undivided and shared by two or more persons or entities. Thus, a joint property held by both cannot be effectively transferred unless all owners join in the transaction.
What Is a Joint Venture (JV)? A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.
The partnership agreement is a legal document, signed by all the parties in the partnership, and it details the roles, duties, rights, and responsibilities of the partners, as well as how the profits and losses should be distributed among them.
noun. a formal decision about future action which is made by two or more countries, groups, or people. The companies have come to a joint agreement not to compete - this is known as collusion. A new park was added to the national park system yesterday when Mr Smith and Gordon Johnson signed a joint agreement.

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The term joint agreement means a formal written contract pursuant to which two or more financial institutions jointly offer, endorse, or sponsor a financial product or service, and as may be further defined in the regulations prescribed under section 6804 of this title .
A Joint Venture Agreement is a legal document where two or more entities combine to do business or undertake an economic activity together. The parties agree to create a new entity by contributing equity and share the revenues, expenses and control of the enterprise in the proportion of their capital contribution.

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