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SETTLEMENT AGREEMENT and MUTUAL RELEASE B2 D the Form

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hi today I'm going to talk to you about joint ventures so a joint venture is an arrangement in which two or more parties agree to pool their resources together for the purposes of accomplishing a specific task this task can be a new project or any other business of activity so in a joint venture each of the parties are responsible for their own profits losses and costs associated with it however the venture itself it's its own entity so it's separate from each of the parties individual business interests they operate with like what we traditionally call a partnership however they are not a partnership because they can take any type of legal entity form such as a corporation or an LLC I would say the most important thing you should have in place while having a joint venture is a joint venture agreement this document will set forth the party's rights and responsibilities going forward such as initial contributions day-to-day operations and it would avoid a

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