Russian roulette: joint venture agreement | Practical Law

Russian roulette: joint venture agreement | Practical Law

A Russian roulette clause for the resolution of a deadlock situation, usually in a 50:50 deadlocked joint venture where both parties are of broadly equal financial standing, whereby one party offers either to buy the shares of the other party or to sell its own shares to the other party (but not both) at a specified price. The party in receipt of the offer can either accept the offer or reverse the offer at the same price.

Russian roulette: joint venture agreement

Practical Law UK Standard Clause 8-203-6625 (Approx. 7 pages)

Russian roulette: joint venture agreement

MaintainedUnited Kingdom
A Russian roulette clause for the resolution of a deadlock situation, usually in a 50:50 deadlocked joint venture where both parties are of broadly equal financial standing, whereby one party offers either to buy the shares of the other party or to sell its own shares to the other party (but not both) at a specified price. The party in receipt of the offer can either accept the offer or reverse the offer at the same price.