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EJCDC® E-590, Joint Venture Agreement for Professional Services, is a contract is intended for use on a collaboration of two professional service firms, such as two engineering firms, or an engineering firm and an architectural services firm, that have decided to join forces specific professional services to a third party. Such collaboration leverages the resources of each firm, giving the joint venture the advantage of both firms’ professional licensing, technical skill sets, available staff, market knowledge and other expertise to successfully perform the services. A joint venture is a business arrangement in which two or more parties join together to accomplish a specific task. A joint venture is itself an entity, separate and distinct from the venturers’ other business interests.