**2.6 How the exit plan influences the business**

• Legal Structure

An effective exit strategy requires a legal agreement that outlines the terms and conditions of the potential exit. During the crafting of the legal agreement, an exit advisory team must go through all the parts of the agreement in detail. With the support of this team, the exit strategy agreement may be drafted several times before a final one that meets all criteria is done [11].

Within the exit strategy agreement, five essential documents should be included. These are: -
