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About: Deadlock provision     Goto   Sponge   NotDistinct   Permalink

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A deadlock provision, or deadlock resolution clause, is a contractual clause or series of clauses in a shareholders' agreement or other form of joint venture agreement which determines how disagreements on key issues are to be resolved in relation to the management of the enterprise. The drafting of the deadlock provisions will often depend to a great extent upon what the key issues that the parties want to ensure consensus upon are.