Many attorneys are surprised to find that silence fills the room the first time they bring up the idea of planning an exit strategy from a joint venture.
Clients often break the silence by launching into a number of reasons to postpone planning an exit strategy. Some clients might view exit planning as presumptuous, akin to discussing divorce scenarios on a first date. Others might think that it’s impossible to try to plan an exit strategy when they don’t yet know if the venture is going to be a success or not. Still others are so focused on getting the project started that they say they will agree on an exit strategy at a later time.
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