Partnership Dissolution Agreement printable pdf download

Partnership Dissolution Agreement

PARTNERSHIP DISSOLUTION AGREEMENT

AGREEMENT FOR DISSOLUTION AND WINDING UP OF ____________________, A

PARTNERSHIP

This dissolution agreement is made on ____________________ , between

____________________ , a partnership

formed under a written partnership agreement dated ____________________ , with principal

offices at

____________________ (the "Partnership"), and its general partners

____________________ , and hereinafter referred to as the "Partners",

to provide for the dissolution and orderly winding up of the partnership business, which business

primarily consisted of ____________________ .

Section 1. DISSOLUTION. The Partners hereby agree that the Partnership shall be dissolved,

effective

as of ____________________ (the "date of dissolution"), and the Partners agree that the

partnership shall be

wound up and liquidated as of and following such date.

Section 2. APPOINTMENT OF LIQUIDATING PARTNER

. ____________________

shall be the liquidating

partner (the "liquidating partner") and shall have the exclusive right and obligation to wind up the

partnership business.

Following the date of dissolution, no other Partner may act on behalf of or bind the Partnership, to

represent the Partnership in any official capacity, or to participate in management or control of the

Parthership, for purposes of winding up its business or otherwise.

Section 3. SALARIES, WITHDRAWALS

. As compensation for serving as liquidating partner,

____________________ shall receive the sum of ____________________ . This compensation

PARTNERSHIP DISSOLUTION AGREEMENT

Partnership Dissolution Agreement