A partnership is governed by a partnership agreement and, unlike a joint venture, it usually exists for as long as the partners wish. Use a joint venture template that has been written by a lawyer to ensure that all the necessary information is included and that you are completely protected in the unfortunate event that something goes wrong. As you can see, there are different types of joint ventures you can do, and they depend on your main purpose or goal to create one. As you can see, a joint venture can be beneficial for your business as long as you know everything about it and know how you would make your own deal and get the other party to sign. Before we start designing a template, we`ll look at the important elements that your agreement needs to contain. Follow these instructions to create your joint venture. Once you have a good partner in mind and have submitted your statement of intent, you may want to consider creating your template for the deal. As a general rule, two parties engage in a joint venture in order to obtain their own individual advantage, which usually results from the main objectives of the business project they envisage. Whatever your purpose for entering into a joint venture agreement, the most important document you should have is a joint venture agreement. If you plan to create a joint venture, you need to know how to create your own joint venture contract template. .