A joint venture occurs when two or more businesses work together and pool their resources to create a new company, product, service or offering. While joint venture partnerships can offer many advantages to the companies involved, they can also present unique legal challenges. Joint venture attorneys can work with your company to help protect its investment and your company's good name. A joint venture law firm can conduct due diligence on potential partners, advise your business on the appropriate legal structure for the new company, and work to negotiate and draft shareholder agreements. Joint venture lawyers can also help to resolve disputes that occur between your company and its partners once the JV is underway, and to dissolve a joint venture or sell your company's ownership stake.