does a joint venture need an exit strategy 
a joint venture is intended to meet a particular project with specific goals so it ends when the project is complete an exit strategy is important as it provides a clear path on how to dissolve the joint business avoiding drawn out discussions costly legal battles unfair practices negative impacts on customers and controlling for any possible financial loss in most jvs an exit strategy can come in three different forms sale of the new business a spinoff of operations or employee ownership each exit strategy offers different advantages to partners in the jv as well as the potential for conflict the bottom linea joint venture between companies can open the way for expansion into a new line of business by each participant at a relatively modest cost in fact it sounds ideal each company contributes its own expertise but the cost of the venture is split among them it s only ideal though if the companies have a shared vision and an equal commitment to the success of the joint venture 