One way to avoid the failure of a joint venture is to not use any kind of an agreement that details what to do if the business fails,as this just predestines the joint venture's failure.

Question

Quizplus · Accepted Answer

Not having any kind of agreement for what to do if the joint venture fails actually increases the risk of failure as there is no plan in place for how to handle the situation. Having a clear exit strategy and contingency plan can help mitigate potential risks and increase the chances of success.

One Way to Avoid the Failure of a Joint Venture