Joint ventures are documented with enthusiasm about what the parties will build together and very little about what happens if they stop agreeing.
Then a fundamental decision splits the board evenly, or one partner wants out and the other cannot fund a buy-out. The venture stalls while both sides hold positions neither can enforce.
Joint Venture Exit and Deadlock Resolution Documentation
Documentation resolving deadlock and exit — the deadlock mechanism, buy-sell and shoot-out procedures, valuation basis, transfer of shares, treatment of shareholder loans and guarantees, and orderly winding down where separation is the only outcome.
Your Vision, Backed by the Right Legal Support
You build the business. We help you protect it.
Imagine a deadlock with a defined procedure, a valuation basis nobody can dispute, and an exit that transfers shares, releases guarantees and settles loans in one process.
Who this service is for
This Is For You If…
Joint venture partners facing deadlock on a material decision
Parties where one shareholder wants to exit
Ventures with no deadlock or exit provisions in place
Partners negotiating separation of a venture
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What we will do for you
This is what we will do for you
Review what the shareholders agreement and constitution already provide
Advise on the realistic options including buy-out, sale and winding down
Document the agreed exit including price, payment and completion
Resolve shareholder loans, guarantees, IP and shared contracts
What’s Included
What’s Included in our service for you
Review of existing deadlock and exit provisions
Advice on realistic separation options
Deadlock or buy-sell mechanism documented
Exit agreement with price, payment and completion
Loans, guarantees, IP and shared contract resolution
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Why Choose Legal That Works?
Why Choose Us To Assist You?
Digital-first
No office visit required—review and sign online
Transparent fees
Fixed price, no billing surprises
Deep experience
Various contracts across industries
Accessible
Our client portal keeps you informed
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We've Helped
You Need To Act Now
Important: Limited Slots
Deadlock provisions are almost impossible to agree once the parties are already deadlocked. They belong in the original agreement.
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Nothing to Lose. Everything to Protect.
No Surprises. No Guesswork. Just Legal That Works.
Before anything starts, we speak with you to understand your business and make sure the service is the right fit. If it is not, we will say so upfront. No pressure. No wasted time. We only take on matters we are confident we can deliver with quality. That is why business owners trust us to get it right.
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Frequently Asked Questions
What is Legal That Works?
Legal That Works is a business and organisation oriented legal service designed by Messrs Akmal Saufi & Co (the firm that has brought the widely known legal consumer services brand ASCOLAW). We specifically help business owners and organisation leadership to navigate Malaysia’s legal terrain to achieve their commercial goal.
What if I’m not sure what legal service I need?
No problem. Most business owners aren’t legal experts! Just reach out. Our team will guide you to the right service or help you understand your options—without jargon or upselling.
What is a shoot-out clause?
A mechanism where one party names a price and the other chooses to buy or sell at it. It resolves deadlock quickly but can favour the better-funded party.
Can we force the other partner to sell?
Only if the documents give you that right. Without it, the position is a negotiation.
What happens to guarantees on exit?
They require the beneficiary's release. This must be dealt with as part of the exit, not afterwards.
Who will be helping me?
All our services are delivered by our licensed lawyers under the Malaysian Bar with proven experience across industries. You’ll work with a real legal team, not chatbots or generic customer support.
