Who will use these documents?
Existing partners, whether or not they have a current partnership agreement. Suitable for large of small partnerships in any business.
Key features:
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flexible enough to suit most partnership dissolutions;
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suitable for any type of business;
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extensive guidance notes.
Why use this document:
This partnership dissolution agreement is suitable for most partnership situations. It deals with all of the necessary basic provisions. Without a dissolution agreement, partners are certain to disagree after the event as to their respective entitlements.
This document includes provisions for:
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setting out the basic partnership now;
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dissolution now or at a date in near future;
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one of partners may be asked to act as administrator of the dissolution;
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recording the assets;
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partners may buy assets individually;
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disposal of remainder of assets;
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accounts and distribution;
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efficient procedures;
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asset schedule.
