As the name says, a joint venture that is a temporary arrangement to work on projects. Joint ventures typically occur when a single person might not have all the funds to fund a high-cost project and also not in a position to take such high risk and so he/she is on a lookout to joint venture development, this typically happens in real estate projects. Joint ventures are usually limited to one or a few projects, and the longevity of the investment depends on the success of the previous projects in the joint venture. To remain in a joint venture, it is imperative, to be honest, integrate, and stay loyal to another partner (s). The joint venture agreement is usually executed on an e stamp paper and signed by all the partners. Joint venture works best when each partner has something unique contribution to the project, either in terms of knowledge, technology, and expertise and it also is tax an advantage.