A business can handle disputes arising in numerous ways. Some ways can be to dispute joint ventures or strategic alliances. Considering there are several parties involved, each with their own objectives, customs, and legal responsibilities, this can be especially complicated. To resolve these conflicts, one can first establish clear arrangements in joint venture agreements. These agreements should contain governance frameworks, profit-sharing arrangements, exit plans, and dispute resolution procedures. It’s important to establish communication protocols.  There are numerous misunderstandings that often stem from poor communication. Regular meetings and reporting can help prevent issues.