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.
Contents
- 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.
-
"The website is great, the access easy, documents professional. All very smart. Immediately got a good impression of Net Lawman."
Hendrik J Pfaff, CFA, Stellenbosch, South Africa -
"Yes the document was very useful, easy to read and understand and contained everything I needed. I will definitely refer to your site in the future."
Vicky Gregory -
"I have found the product exactly what I wanted and the notes helpful - as well as it being easy to locate, buy and download. There should be a better way of making your product more widely known. I have recently had experience of a tailor-made lease and this left a lot to be desired - whereas your product is well researched and ticks all the boxes."
Ted