A Checklist that helps attorneys identify common warning signs of trouble in strategic alliance transactions (also commonly called joint development agreements (JDAs), collaboration agreements, alliances, or contractual joint ventures (JVs)) and offers risk avoidance and mitigation measures. This Checklist does not present a comprehensive list of pitfalls and mitigation measures in strategic alliance transactions. It serves as a guide to avoid or mitigate important, but commonly overlooked, strategic alliance risks.