The enthusiasm and shared commercial goals which brought joint venture parties together to form a corporate joint venture can dissipate for a variety of reasons. This will inevitably lead to parties considering their options which may include the termination of the joint venture itself. Given that the consequences of termination can be severe it is critical that parties fully understand the potential consequences of termination prior to initiating such a process.
Danny Lee discusses the issues that businesses should be aware of from the outset of the joint venture.
Read Top ten considerations when terminating a corporate joint venture
