However, for parts of the terms to be legally binding, they should be signed or otherwise used for the constitution of the treaty, so that it is legally binding. Use a joint venture template that has been written by a lawyer to ensure that all the necessary information is included and that you are completely protected in the unfortunate event that something goes wrong. A Joint Undertaking Agreement should contain the names of the signatories, the terms and purpose of the agreement, as well as any additional information on the project to be carried out. A joint venture agreement may also include clauses relating to the disclosure of sensitive information, termination and duration of the undertaking. These are all different expressions that mean the same thing: pre-agreements or pre-contractual agreements.