Admission of new partner agreement

Essential document to admit a new partner into any partnership.
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About this document

A simple agreement whereby the old and new partners are joined in the terms of the original partnership deed. The old partners give an indemnity against problems which might arise in connection with the time before the introduction of the new partners.

Application and features

  • Suitable for an ordinary partnership or a limited liability partnership;
  • Type of business not relevant;
  • Admission of a new partner into the business.
Draftsman

This document was written by an attorney for Net Lawman. It complies with current South African law.

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