A Joint Venture Agreement Building Construction is an agreement between two or more parties who intend to work together on a certain project, with each bringing expertise and financial resources to the collaboration. This type of arrangement creates a legally binding contract that outlines the responsibilities and rights of all involved parties. Through this agreement, members of the joint venture can develop projects that range from new construction to renovation or rehabilitation of existing buildings. All parties involved must adhere to the agreed-upon terms and conditions established in the joint venture agreement in order to ensure efficient and successful building construction projects.