It also recommends forms of subcontracting with desirable characteristics for use with the main contracts referred to in Practice Guide C2 and examines the legal considerations relating to the award of subcontracting joint venture agreements (1013) This practice guide identifies the reasons for the creation of joint ventures, reviews the requirements for the creation of joint ventures in response to preferred purchasing policies and gives a n overview of the conditions for the creation of joint ventures in response to preferred purchasing policies. on the typical content of a joint venture. The standard forms for joint venture agreements that may be used or serve as a basis for drawing up an agreement shall also be identified. The main difference between a joint venture and a subcontract is the distribution of the management, financing, skills and liabilities of the contract. In a subcontract, the subcontractor is not directly proportionate to the liabilities, losses and management behaviour of the main contractor. . . .