Formulating an agreement with respect to the termination of the venture at the outset of the collaboration demonstrates that the partners are not fully dedicated to the success of the alliance.

Question

Quizplus · Accepted Answer

The dissolution of a partnership is not necessarily synonymous with failure.In order to manage possible eventual termination successfully,it is reasonable to discuss up front with the other partner the rights and responsibilities of each should this occur.

Formulating an Agreement with Respect to the Termination of the Venture