A Joint Venture Agreement — between Two Parties is a legal agreement between two or more parties who intend to collaborate to create a new business, product, or service. This agreement outlines the terms and conditions of the joint venture, including the parties' respective rights, obligations, and responsibilities. It also sets out the conditions for the sharing of profits and losses, as well as the dissolution of the joint venture. There are three main types of Joint Venture Agreement — between Two Parties: 1. General Partnership Agreement — This type of agreement outlines the relationship between two or more parties who intend to jointly own and operate a business, and is governed by the laws of the state in which the business is located. 2. Limited Partnership Agreement — This type of agreement is similar to a general partnership agreement, but one of the parties is designated as a limited partner. This means that the limited partner is not responsible for the debts and obligations of the business, but can still receive a share of the profits. 3. Joint Venture Agreement — This type of agreement is used when two or more parties come together to form a business with separate goals. This agreement outlines the terms and conditions of the joint venture, including the parties' respective rights, obligations, and responsibilities. It also sets out the conditions for the sharing of profits and losses, as well as the dissolution of the joint venture.