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Deadlocked? How To Exit A Joint Venture The Right Way

Joint-venture partners often begin their relationship full of optimism for a successful future. The pressures of growing and managing a business can drive a wedge between the closest of partners, however. This becomes particularly acute in 50-50 joint ventures where deadlocks over material decisions can cripple a company and destroy business relationships and friendships, as demonstrated by two recent cases involving Delaware and New York corporations, Charron v. Sallyport Global Holdings Inc.[1] and In the Matter of Bermor Inc.[2]

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