Sign a joint venture agreement if you intend to pool resources with another company in order to pursue a common goal, in particular if sensitive information or profit-sharing agreements are involved. In a joint venture agreement, the parties meet to define the scope of the joint venture and their respective obligations, so that everyone is on the same side before the new project, service or other undertaking can begin. There may come a time when your company would launch a project and a strategic alliance with an individual or team would be needed to finalize it. In such cases, it is very likely that you should conclude a joint venture agreement so that everything is clear to both parties. This type of joint venture is usually created when a parent company or a main enterprise enters into an agreement with its branches or small enterprises to transfer resources (such as technology), safeguard their intellectual rights or market their products and services in the national territory. . . .