Partnership dissolution agreement

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Document overview

A simple partnership dissolution agreement, professionally drawn as a framework for the partners to dissolve their partnership. Covering practical, commercial and administrative points, it can be used for partnerships of any size and in any industry.
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  • Length:5 pages (1999 words)
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Dissolve your partnership without stress

This is a professionally drawn, simple partnership dissolution agreement designed to give you the legal and commercial framework you need for tying up the most important of the “loose ends” when you go your separate ways.

The agreement covers points such as what each partner will “buy” out of the business, who (if anyone) takes over the business, and how debts and assets will be divided.

When to use this partnership agreement

This document can be used to record the final agreement, but it also makes a good “discussion document” for your talks about separation. Partnership dissolutions can be stressful and time consuming. This agreement will enable you first to identify, then to deal simply and quickly with the main issues.

This agreement is ideal for small partnerships (less than ten partners) but can be used for larger ones as well. It can be used for businesses in any industry, from accounting to architecture to trades.

Contents

  • About the business
  • Management of the dissolution process
  • Reminder of partnership sharing terms
  • Disposal of assets
  • Who takes over the business, if anyone, and on what terms
  • Accounting and practical procedures
  • Terminating bank arrangements

Recent reviews

Great Service
18 August 2020
The document is easy to use and edit and Net Lawman explains each part very well.
Quintin Van Niekerk
Review of the South African version
Great Service
30 August 2019
It was perfectly formatted, easy to edit and the explanations at the end were ALL useful.
Amy Goodey
Review of the Australian version
Great Service
30 June 2018
The document enabled me to create my version confidently and resolve my legal issue.
Leanne Percy
Review of the Australian version
Read all 14 reviews

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