A Shared Ownership Agreement is a contractual arrangement between two or more parties who are each entitled to take part in the ownership and control of a business or other enterprise. Each party contributes capital or other assets, or helps manage the venture, and in return, has a proportionate share of its profits and losses. These agreements can be beneficial for businesses by allowing them to access resources and expertise from outside investors, helping them to grow and maintain their competitive edge. They can also offer financial stability to those involved, with each party having an equal say in decision-making and an equal share in any returns made.