A Project Joint Venture Agreement (also known as a “JV agreement”) is a document that sets the rules and obligations for two or more parties who plan to collaborate on an endeavor. It outlines each party’s rights, interests, and expectations in the project, including how profits will be shared and responsibilities distributed. The agreement also covers topics such as potential liabilities, dispute resolution, and conflict of interest management. This type of contract is essential for any joint venture between multiple organizations or individuals — it provides clear guidance and safeguards against misunderstandings or miscommunication. By laying out the details in advance, a Project Joint Venture Agreement helps ensure that everyone involved can trust and interact seamlessly with one another.