A Joint Venture Agreement, or "JVA", is a formal agreement between two or more parties to collaborate on a specific venture, usually for the purpose of achieving common goals and achieving mutual benefits. The agreement outlines the details of the joint venture including the roles and responsibilities of each party, the duration of the venture, the financial terms of the agreement, and any other relevant details. A Joint Venture Agreement ensures that all parties involved in the venture are on the same page and understand their rights and obligations.