21 Century Media Project Pty Ltd is an events management company. They have organised a series of concerts to be performed by celebrities Alton Jon and Tru Blu. "21 Century Media Project" has entered into an arrangement with Financial Avice (Finance) Pty Ltd according to which Financial Avice would finance the concerts, in return for which "21 Century Media Project" would transfer to Financial Avice a half-interest in the contracts with the performers. The arrangement was described as a 'joint venture', and provided that the profits were to be shared equally. It also provided that policy decisions affecting the joint venture were to be mutually agreed, and that any disagreements were to be resolved by arbitration. 21 Century Media Project Pty Ltd and Financial Avice (Finance) Pty Ltd have now disagreed and seek to bring the arrangement to an end. They are uncertain how to do this and have been advised that they may in fact have formed a partnership. Peter is a director of 21 Century Media Project Pty Ltd and now seeks your advice.

REQUIRED: With reference to relevant legal principles, use the IRAC legal problem-solving approach to advise Peter as to the difference between a partnership or a joint venture and whether in fact 21 Century Media Project Pty Ltd and Financial Avice (Finance) Pty Ltd formed a joint venture. Please, provide two relevant cases/precedents in Australian Law.