H.4 In some cases participants may all agree to exit the JV by winding up the JV. This may occur where, e.g., the objectives of the JV have been achieved or the underlying rationale for setting up the JV no longer exists.
H.5 The JV Agreement may include detailed provisions stipulating a particular procedure to apply to the disposal or break up of the JV's assets (e.g. a compulsory auction of its assets) together with any ongoing provisions as to confidentiality or restrictive covenants which should continue following the winding up of the entity.