In the absence of a fixed duration provision,a joint venture will ordinarily terminate:

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In the absence of a fixed duration provision, a joint venture can terminate in any of the ways mentioned in options A, B, or C. If the project is completed, the joint venture's objective is achieved, resulting in termination. If any participant wishes to withdraw from the joint venture, they can do so at will. Additionally, a joint venture agreement may specify a termination date or set termination conditions that trigger an automatic end to the joint venture. Therefore, any of the options mentioned above may cause the termination of a joint venture in the absence of a fixed duration provision.

In the Absence of a Fixed Duration Provision,a Joint Venture