Many owners bring in counsel after the letter of intent is signed. By then, the terms that shape what they ultimately keep (deal structure, working capital, escrows, earnouts, and post-closing exposure) are often already framed.

A joint venture looks like a contract. It is actually a company you will co-own and co-manage for years. And the terms that establish it quietly decide who controls the business, what your partner's contribution is really worth, and what happens when one side wants out.

Software can now tell a company what is in its contracts. That was always the easy part. The harder question, what those terms mean for the decision in front of you, is the one a tool cannot answer for you.