If everything goes to hell, can you afford a long court battle against your partner? If the answer is no, don't even think of doing it - joint ventures like thi

If everything goes to hell, can you afford a long court battle against your partner? If the answer is no, don't even think of doing it - joint ventures like this have a peculiar tendency to become non profits. If the answer is yes and if they are willing to make a large cash payment up front (to compensate you for your time), make sure to get very clear terms around what expenses are allowed to be charged to the joint account.