the dissolution of a partnership might signal the start of a new chapter, the end of one that wasn’t working, even the restructuring of a booming business. this partnership dissolution agreement is between , an individuala(n) (“partner one”) and , an individuala(n) (“partner two”). recitals the partners entered into a partnership agreement dated (the “partnership agreement”), relating to the partnership (as defined below) for the purpose of . in accordance with this agreement and the terms of the partnership agreement, the partners hereby agree that effective as of (the “dissolution date”), the partnership shall dissolve in accordance with section(s) of the partnership agreement.
the partners shall return these services or equipment to the liquidating partners within days of the date of this agreement, and this return will not be considered a distribution of partnership assets. it is the complete and exclusive expression of the parties’ agreement with respect to the subject matter of this agreement. neither party was induced to enter this agreement by, and neither party is relying on, any statement, representation, warranty, or agreement of the other party except those set forth expressly in this agreement. each party shall use all reasonable efforts to take, or cause to be taken, all actions necessary or desirable to consummate and make effective the transactions this agreement contemplates or to evidence or carry out the intent and purposes of this agreement.
the partners entered into the partnership and has continued in partnership under the provisions of a written agreement dated [insert original partnership agreement date] (partnership agreement), a copy of which is attached herewith as exhibit a and incorporated by reference into this agreement. the partners now intend to dissolve the partnership and liquidate its affairs pursuant to a plan by which the partners sell all of the assets of the partnership and distribute to the partners any proceeds remaining after the payment of all liabilities of the partnership. immediately following the dissolution of the partnership, the partners shall cause an accounting to be made by [insert accountant name] of all of the assets, liabilities, and net worth of the partnership as of the effective date of the dissolution.
on completion of the accounting, the partners shall pay all of the liabilities of the partnership, including those owing to the partners other than for capital or profits, in accordance with the uniform partnership act. the headings used in this agreement are used for administrative purposes only and are not to be considered in construing the terms of this agreement. this agreement may be executed in any number of counterparts and each of the counterparts shall for all purposes be deemed to be an original. the representations and warranties set forth in this agreement shall be continuous and shall survive the taking of any accounting and the dissolution and winding-up of the partnership as contemplated by this agreement.
a partnership dissolution agreement is a document used by two or more partners who are in a business partnership together to end the partnership. tie up the end of a business partnership and protect your interests while dissolving your business. download a partnership dissolution agreement template. a partnership dissolution agreement is an agreement between two or more partners to end a business partnership. signing a partnership dissolution agreement will, partnership dissolution agreement template free, partnership dissolution agreement template free, partnership dissolution agreement format in word, partnership dissolution agreement sample, partnership dissolution agreement pdf.
download this free partnership dissolution agreement template as a word document to help you legally document the end of a business partnership. a partnership dissolution agreement is a legal contract that is used when partners want to end their partnership. the purpose of the document is to create a pursuant to the terms of the partnership agreement, a buy or sell notice was given by selling. partner to purchasing partner. c. the purchasing partner has, sample partnership dissolution agreement philippines, llc dissolution agreement sample, partnership withdrawal agreement template, dissolution of partnership example, limited partnership dissolution agreement, partnership dissolution agreement california, legalzoom partnership dissolution agreement, partnership dissolution agreement doc, partnership agreement template, marriage dissolution agreement template.
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