It’s a delicate and stressful situation that requires careful planning and tact. But don’t worry, this FAQ has got you covered. We’ve compiled guidelines and best practices to help you gracefully terminate a strategic partnership while preserving a positive relationship with your former partner.
Evaluate the circumstances.
Exiting a partnership is a critical decision that requires a thorough evaluation of the reasons, benefits, and potential risks. To make an informed choice, you and your team must ask some essential questions. Are you no longer aligned with the partnership’s objectives, values, or expectations? Are there any unresolved conflicts or issues affecting your performance or satisfaction? And most importantly, what impact will your departure have on your reputation, revenue, and resources?