Who will use this document?
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Existing partners, whether or not they have a current partnership agreement.
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Suitable for large of small partnerships in any business.
Key features:
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flexible enough to suit most partnership dissolutions;
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suitable for any type of business;
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extensive guidance notes.
Why use this document?
This partnership dissolution agreement is suitable for most partnership situations. It deals with all of the necessary basic provisions. It serves as reassurance that disagreements are more likely swiftly resolved and amicably so.
This document includes provisions for:
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agreeing the basic partnership now;
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dissolution now or at a date in near future;
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one of partners may be asked to act as administrator of the dissolution;
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recording the assets;
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partners may buy assets individually;
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disposal of remainder of assets;
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accounts and distribution;
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efficient procedures;
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asset schedule
