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Commentary

112 The need for deadlock provisions

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

112 The need for deadlock provisions

| Commentary

(f) Deadlock provisions

112 The need for deadlock provisions

However much the shareholders in a company may share the same vision at the outset of a new business, the possibility of subsequent deadlock cannot be entirely ruled out. In some cases, this stems from differing views about the pros and cons of some major commercial decision. Should the business expand into a new area? Should the company invest in specific new premises? In other cases, particularly if the company is a family one, the differences may often be triggered by more personal issues, such as sibling rivalry or other resentments.

Ironically, the

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