Practical Law UK Glossary 1-107-6041 (Approx. 3 pages)
Glossary
Deadlock
Where the parties to an agreement have an irreconcilable conflict. This term is often used in connection with 50:50 joint ventures where neither party to the joint venture has a majority and a conflict arises over the management of the joint venture that results in a paralysis of business operations. Joint venture agreements commonly contain deadlock provisions to resolve such situations.