Description: This Joint Venture Agreement is used when two or more individuals or business entities combine or collaborate on a particular project or undertaking. It specifies that each party has an equal interest in the joint venture and sets forth each party’s rights and responsibilities. Details relating to administration and operation, termination and an dispute resolution are also included in the agreement. This document in its draft form contains many of the standard provisions commonly found in a joint venture agreement and may be customized to fit the needs of the contracting parties. This agreement should be used when individuals or companies collaborate to form a joint venture.