Partnership dissolution agreement
- Attorney approved
- Plain English makes editing easy
- Guidance notes included
- Money back guarantee
Dissolve your partnership without stress
This is a professionally drawn, simple partnership dissolution agreement designed to give you the legal and commercial framework you need for tying up the most important of the “loose ends” when you go your separate ways.
The agreement covers points such as what each partner will “buy” out of the business, who (if anyone) takes over the business, and how debts and assets will be divided.
When to use this partnership agreement
This document can be used to record the final agreement, but it also makes a good “discussion document” for your talks about separation. Partnership dissolutions can be stressful and time consuming. This agreement will enable you first to identify, then to deal simply and quickly with the main issues.
This agreement is ideal for small partnerships (less than ten partners) but can be used for larger ones as well. It can be used for businesses in any industry, from accounting to architecture to trades.
- About the business
- Management of the dissolution process
- Reminder of partnership sharing terms
- Disposal of assets
- Who takes over the business, if anyone, and on what terms
- Accounting and practical procedures
- Terminating bank arrangements
This document was written by an attorney for Net Lawman. It complies with current South African law.
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"Very useful and practical for start-ups and entrepreneurs."Purple Cow Ventures
"...Yes very useful. I understand the terminology etc as I've seen a fair few legal docs before. Notes are very helpful. Gives me some base insight without the expense of a solicitor!"John K