A Joint Venture (JV) is a strategic partnership between two or more businesses or individuals who come together to achieve a common goal while sharing resources, risks, and profits. JVs are commonly formed in industries such as real estate, technology, manufacturing, and infrastructure development. This collaboration allows partners to leverage each other's strengths, whether in terms of expertise, capital investment, or market presence. A well-structured joint venture ensures clear roles, responsibilities, and profit-sharing agreements to maintain transparency and efficiency. While JVs offer numerous benefits, including access to new markets and reduced financial burden, they also require strong legal agreements and effective communication to ensure long-term success.