a partial exit, as it may help ensure succession and survival of the business. Exit strategies are also used to ensure businesses are prepared for the termination of significant contracts or other business relationships. "There are many reasons why contracts come to an end, including non-performance by one or both parties, a significant change in the requirements of either party, or that the contract has run its course. In almost all cases, having a well-developed exit strategy is critical. The strategy is usually developed as the means by which to withdraw from a working relationship with a supplier. It can incorporate the process of returning assets, transferring back key employees and the conditions under which a relationship can terminate, for example, the failure to meet service level agreements, changes in circumstances, and ethical breaches". Transition companies are professional mergers and acquisitions companies that assist business owners with their exit strategy. Services offered are often referred to as transition management services. See also Surrender Withdrawal Iraq Study Group Report Pyrrhic victory No-win situation Total U.S. Withdrawal in the Vietnam War Outsourcing Reshoring References External links 1993 White House press briefing - quoting Brent Scowcroft on exit strategy Military strategy Strategic management Entrepreneurship