You can choose how long you want confidences to be kept. It also stipulates that members who work with others require their associates to sign an approved Non-disclosure Agreement to extend the protection to include third-party entities. If you are considering a joint venture with another company, it is always a good idea to talk to a lawyer as part of your process. Sale option to satisfy deadlockIf a member cannot come to an agreement during the term of the contract and reach deadlock, a sales option is included in the contract. This agreement basically states that the other member can choose to buy the other's portion of the venture. In some cases SLAs have terms like: mean time between failures (MTBF), and mean time to recovery (MTTR). These terms help identify which party is responsible for paying fees, reporting faults, or similar details. Protection from debts and liabilitiesThis part of the agreement states that each joint venturer is responsible for their own debt and obligations. If one member takes on debt or hires a service to fulfill their part of the agreement, and they don't pay their obligations, the other members cannot be held responsible for that debt. This type of joint venture is usually formed when a parent company or a main company makes an agreement with its branches or smaller companies to transfer resources (such as technology), secure their intellectual rights or market their products and services domestically.