In addition to the procedures and financial conditions that fall within the exit and termination rules, the parties must also take into account the impact of these measures on other subjects: a useful exercise that we often do with customers is to identify together all the good, bad and ugly things that could happen in the JV – the rules kill the market; the partner is caught in the act of corruption in another country; the company begins to compete with part of its own business – and asks, “What kind of exit rights do we need to protect ourselves in this case?” 3. Go beyond the minimum – but not too far: bad situations like un healed property injuries, partner insolvency and illegal partner behaviour should be the reasons why an aggrieved party must detach itself from any joint venture – but not the only reasons. .

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