A joint venture proposal is an agreement between two or more entities to come together and work on a project with shared resources. It describes the goals of the venture, outlines the relationship between parties, and how the venture will help both parties achieve their goals. Additionally, it stipulates how profits and losses are allocated and includes a timeline for set goals. As you consider a joint venture proposal, remember that it does not just involve business partners; rather, it gives you the chance to create new relationships with people who can offer you unique opportunities. Whether you’re joining forces to enter a new market or pursuing ambitious R&D projects, a joint venture proposal could be the key to your success.