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Forming a business joint venture involves a complex set of considerations. Some of the key factors to consider include compatibility, objectives, resources, responsibilities, legal structure, risk management, governance, exit strategy, communication, and performance measurement. In addition, it is important to consider intellectual property, financial management, cultural differences, exit provisions, conflict resolution, non-compete and non-disclosure agreements, market analysis, timeline, management team, and human resources. By carefully considering these factors, partners can work together effectively to ensure the success of the joint venture.