Joint ventures and partnerships in real estate often involve several different parties investing in the same real estate project. In terms of a joint venture project, two or more companies often create a new company, in which money, personnel, and other resources are shared for mutual benefit.

Unfortunately, problems often arise involving partnerships or joint ventures. Common disputes include:

• Failing to honor a partnership agreement
• Disagreement over language in a partnership agreement
• Failing to distribute profits as outlined in a partnership agreement
• Embezzling funds
• Failing to disclose financial difficulties to fellow partners
• Disputes over taxes involving a partnership agreement