A joint business agreement (JBA) is a formal contract between two or more parties that outlines a plan for cooperating in a productive venture. It defines each partner’s responsibilities, as well as the roles of each party in the overall operation. Joint business agreements can be made between individuals, businesses, or organizations and provide clear direction in terms of duties, rights, and liabilities. This ensures that all parties involved are aware of their obligations and ensures that everyone is on the same page. Each joint business agreement should be customized to the individual needs of each situation, making sure all partners realize the mutual long-term benefit of the agreement.