A major problem with an international joint venture is that the partners are legally contracted together forever.

Question

Quizplus · Accepted Answer

While it is true that international joint ventures usually involve a legally binding agreement, the partners are not necessarily committed to each other forever. The terms of the joint venture agreement can include provisions for how long the partnership will last, under what circumstances it can be terminated, and what happens to the assets and liabilities of the joint venture upon termination.

A Major Problem with an International Joint Venture Is That