The problem with disputes with your Joint Venture partners and other parties is that the underlying issues that led to the initial dispute do not easily go away. Over time, as these issues become more complex, commercially sound and amicable resolutions are harder to achieve.
Disputes distract resources away from your core business. Mounting expenses and reporting is harder to justify to shareholders, and continued operations involving the same partners can become difficult. Legacy disputes without ownership by current management can be distracting, time consuming, and add costs to operations while distracting from core business. They need to be resolved expeditiously without protracted legal expenses!
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