a partnership dissolution template is a template for a legal document two or more parties (partners) use in a business partnership to end the partnership. the agreement generates a plan for fulfilling final dissolution steps, such as taking an inventory of business holdings, resolving the business’s debts and obligations, and dispersing any remaining assets to the partners. the partnership dissolution agreement simplifies the process of terminating the business relationship by creating a clear timeline, assigning roles and responsibilities for each business partner, and defining the division of business assets in detail. through the formality of the partnership dissolution agreement, partners can be certain that they are not individually responsible for the business’s debts and that no partner can involve another partner in any business deals without the full knowledge and consent of the other partners. voluntary withdrawal occurs when a partner chooses to leave the business partnership and notifies the other partners. involuntary withdrawal occurs when a partner is removed from the business partnership without their consent.