International joint ventures can be a powerful way for businesses to access new markets and resources, but they also come with a range of legal risks that must be managed. Working with an experienced international transactional lawyer can help businesses to identify and mitigate these legal risks and to ensure that the joint venture is conducted in a legal and ethical manner.

Here are some key legal risks to consider when entering into an international joint venture:

1. Regulatory compliance: Businesses must comply with local laws and regulations in the countries where they are operating, including employment laws, tax laws, and regulatory requirements. An international transactional lawyer can help businesses to understand and comply with local laws and regulations.
2. Intellectual property (IP) protection: IP is a critical asset for businesses and must be properly protected in the global marketplace. An international transactional lawyer can advise businesses on IP protection strategies and can assist with the negotiation and drafting of contracts and other legal documents to protect IP rights.
3. Contractual agreements: International joint ventures often involve the negotiation and drafting of contracts and other legal documents. An international transactional lawyer can assist with the review and negotiation of the terms of these agreements to ensure that they are fair and advantageous for the business.
4. Cultural and language barriers: Cultural differences and language barriers can be a challenge in international business transactions. An international transactional lawyer who is familiar with the local culture and business practices of the countries where a business is operating can help to facilitate smooth and successful business relationships.
5. Dispute resolution: If a dispute arises during the course of an international joint venture, an international transactional lawyer can assist with the resolution of the dispute through alternative dispute resolution methods such as mediation and arbitration. This can help to avoid costly and time-consuming litigation and can help to preserve business relationships.

In conclusion, managing legal risks is an important consideration for businesses entering into international joint ventures. Working with an experienced international transactional lawyer can help businesses to identify and mitigate these legal risks and to ensure that the joint venture is conducted in a legal and ethical manner.