A Joint Venture Agreement (JVA) is a legal contract between two or more parties to collaborate on a specific business project or long-term venture. It outlines each partner’s rights, duties, contributions, and the method of profit and loss sharing.

In India, JVAs are commonly used by companies entering new markets, foreign businesses partnering with Indian firms, and entrepreneurs pooling resources for large projects. A well-drafted agreement ensures clarity, prevents conflicts, and secures mutual trust for smooth operations.