A Joint Venture Agreement Format is a legally binding document that details the responsibilities and obligations of two or more parties who are joining forces to start a business together. It outlines the roles, rights and liabilities of each partner, including the sharing of profits, losses, and debts. Additionally, it describes how disputes will be resolved and how the venture may be ended if necessary. The agreement also sets out any additional terms and conditions that are specific to the venture in question. By outlining the parameters of an agreement between two or more entities, this format helps ensure that all parties involved understand their respective roles and legal obligations.