JV Control Provisions That Actually Matter
The fine print that decides who runs the deal.
Joint-venture agreements are won and lost in the control provisions — the major-decision rights, removal triggers, and deadlock mechanisms that nobody thinks about until they need them.
Major Decisions and Deadlocks
Define which decisions require partner consent and what happens when partners disagree. A buy-sell deadlock provision can be a fair release valve or a trap for the capital-poor partner, depending on the drafting.
Negotiate these as carefully as the economics. A great split means nothing if your partner can force you out of the deal.
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