Joint Venture Agreement

A Joint Venture Agreement is a legal contract between two or more parties who come together to collaborate on a specific project or business activity. It outlines how they will share resources, risks, profits, and responsibilities. This agreement ensures all parties understand their roles and obligations, helping to coordinate efforts and protect their interests. Typically, a joint venture is formed for a limited purpose or project, allowing each party to benefit from combined expertise and resources while maintaining some independence. It’s a way for businesses to work together strategically without merging into a single entity.