A joint venture agreement is a binding contract in which two or more people decide to pool their resources to obtain a common objective. Under a joint venture arrangement, each party contributes cash, property, assets, or other resources to the business venture and then the parties agree on how profits, losses, management, and control of the venture will be divided. Although a joint venture shares many of the same characteristics as a partnership, the key difference is that a joint venture is based on a single business transaction for a limited time period whereas a partnership usually involves a long-term, ongoing business relationship. Here under your could view a sample joint venture agreement and order one for your business needs.
