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How to draft a joint venture agreement
Assess your needs in a partner.
A joint venture can be an advantageous business relationship when your partner has the ability to do something you do not. In addition, you must be able to bring something to the table that your partner doesn't have.
When you start thinking about entering into a joint venture, start by assessing what you need in a partner (i.e., what your business objectives are). For example, you might have developed a new technology but you lack the resources to bring it to the appropriate market.