Partnership Dissolution Agreement (Page 3 of 5) in pdf

Partnership Dissolution Agreement

This is a standard introductory paragraph that lists the parties to this Agreement and the date it is

being entered into. Enter the date of the Agreement along with the names of all of the partners (if

there are more than two partners, just add them as Partner C, D, E and so on).

Effective Date

[Date]

By and between

[Owner/Founder] (“Partner A”)

and

[Second partner] (“Partner B”),

referred to as “Partners,” under the following provisions. The Partners agree as follows:

This too is a standard introductory section. The inserts are self-explanatory.

Partnership

Partner A and Partner B have been and now are partners doing business under the name:

[Name of the Partnership]

with principal places of business at:

[Principal place of business of the Partnership].

Partnership Agreement

Section 2 refers to the original Partnership Agreement. Insert the date of the original Partnership

Agreement in the brackets.

The parties entered into said partnership and have continued in partnership under the provisions of a

written partnership Agreement and modifications to that Agreement, the original Agreement being dated

[Original date of the Partnership Agreement that is now being dissolved].

Partnership Dissolution

The Partners want to dissolve the Partnership pursuant to Appendix A. You should fill in Appendix

A as specifically as possible so that it is clear what is to happen to all of the assets (and liabilities) of

the Partnership. In other words, Appendix A states who gets what.

If it is relatively simple, you could move the contents of Appendix A here.

The parties now desire to dissolve their partnership and liquidate its affairs as follows:

See Appendix A, attached to this Agreement.

No Future Claim

Once the Partners sign this Dissolution Agreement, the Partner(s) will no longer have a claim

against the other Partner(s) and neither can require an accounting. Make this thing go away and

stay away.

Following the signing of this Dissolution Agreement, neither party shall have any claim against the other

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Partnership Dissolution Agreement Page 3