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How to break up with a third party the right way

Jaclyn Jaeger | January 7, 2019

Breaking up is hard to do—but when it comes to ending a business relationship, it doesn’t have to be. All it takes is some careful planning and a little finesse.

Ending a relationship with a third party is in many ways not unlike a personal breakup. Sometimes it ends badly, with one party walking away hurt. Sometimes it ends amicably, with no hard feelings. In both cases, all must eventually come to terms with the reality that the relationship has simply run its course.

There are things that can be done to reduce the risk of such an outcome, however. First, be honest about expectations upfront, and put those expectations in writing. Elements of a third-party contractual agreement should include, for example:

  • The circumstances under which the company can execute a right-to-audit clause;
  • The company’s expectations concerning anti-bribery and anti-corruption compliance with corporate...
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