Commentary

114.1 When the deadlock provisions are to apply

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

114.1 When the deadlock provisions are to apply

| Commentary

114 Ways of avoiding deadlock

114.1 When the deadlock provisions are to apply

The first decision to make on the drafting of the deadlock provisions is whether they are only to apply to decisions requiring unanimous consent or whether they should also apply to other major disagreements. The first has the benefit of certainty. However, fifty-fifty deadlocks on other potentially significant decisions, or decisions which are not in themselves significant but have significant repercussions, will fall through the net. One approach is to provide that the deadlock provisions will apply to all decisions which may have a major effect on

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