A Joint Venture Dissolution Agreement is a document that establishes the terms and conditions for the dissolution of a joint venture partnership. The agreement outlines such items as the roles and responsibilities of both parties, the liquidation of assets, the reassignment of liabilities, the distribution of profits, and any other matters relevant to the termination of the joint venture. It also includes details about how to dissolve the partnership in case there are disagreements or disputes between the partners. By signing off on a Joint Venture Dissolution Agreement, both parties agree to abide by the terms and conditions it states.