A joint venture agreement template is a contract where two companies develop a new entity to their mutual benefit. In the world of business whenever two persons and parties are agreeing to start business as partners they signed a joint venture agreement. Typically the joint venture agreement template is likely to explain as a partnership agreement because such agreement which always serve as a lawful document which will protect the rights of both parties as well as assist them to work together and share profit or loss collectively without any prohibition. As things go people can assume that joint venture is a business arrangement in which two or more parties always agreeing to pool and accumulation their overall resources for the purpose of accomplishing a particular task in a specific period of time. This agreement is entirely similar to a partnership, seemingly it’s a partnership of two people or businesses those are coming together for a same cause. Almost certainly such cause could be a task, a new project or any other business activity. Importance of Joint Venture Agreement Template This agreement has a legal worth which typically bound two companies and individual on same frame for one or more signed