A Joint Venture Agreement (or JVA) is a legally binding contract between two or more parties that defines the terms and conditions of their collaboration. This document outlines the responsibilities of each party, the nature of the business undertaking, how profits will be divided and how disputes will be resolved. It also specifies the process for review and amendment of the agreement in the event that any of its provisions become invalid due to changes in law or other circumstances. The JVA ensures a smooth working relationship between partners while protecting each party’s interests.