A Joint Venture Profit Sharing Agreement is a legal document that outlines how two or more companies will share the profits earned from a joint venture. This agreement defines the roles and responsibilities of each company, who will be entitled to receive an equal share of profits, and how disputes will be resolved. It also specifies what types of information must be shared between the parties, as well as any applicable taxes, fees, and other obligations associated with the joint venture. By signing this agreement, the companies are committing to cooperate, collaborate, and share the rewards of their collective hard work.