as soon as the project is completed, then the joint venture would come to an end as well. this means that costs, income, and ownership of assets would run through the joint venture and go straight to the individuals or businesses involved. typically, two parties enter into a joint venture would do so for their own individual benefits, which would usually come from the main objectives of the business project they plan to undertake. the answer is yes, there are a lot of benefits to making an actual joint venture agreement template which we will be discussing now. as you can see, having a joint venture agreement can be quite beneficial to your business or organization.