Dissolution of a Joint Venture

The dissolution of a joint venture is described in the joint venture agreement and can occur for the following reasons: when the aims have been met or it is evident that they cannot be accomplished, when the parties develop new interests, when parties no longer agree with the joint venture’s aims, when the duration of the joint venture has expired or when changing market conditions indicate that the joint venture is no longer an appropriate form of alliance or is no longer relevant (Wikipedia, 2020).