Partnership Dissolution Agreement Template

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Partnership Dissolution Agreement Template

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Partnership Dissolution Agreement Template (1)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
Introduction:
This document serves to formalize the dissolution of the partnership formed on [Partnership Start Date], in accordance with the terms and conditions set forth herein.
Clause 1: Reason for Dissolution
The partners hereby agree to dissolve the partnership due to: [Specify reason for dissolution].
Clause 2: Effective Date
The dissolution of the partnership shall be effective as of [Effective Date].
Clause 3: Distribution of Assets
The partners agree to distribute any remaining assets of the partnership according to the following terms: [Specify terms of asset distribution].
Clause 4: Settlement of Liabilities
The partners shall be responsible for settling any outstanding liabilities incurred during the partnership, as detailed: [Specify liabilities and responsibilities].
Clause 5: Confidentiality
Both parties agree to keep all sensitive information pertaining to the partnership confidential, including financial records and trade secrets.
Clause 6: Release of Claims
Each partner releases the other from any future claims or liabilities associated with the partnership, unless otherwise stated herein.
Clause 7: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
Partnership Dissolution Agreement Template (2)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
Introduction:
This agreement outlines the terms for the dissolution of the partnership effective from [Effective Date], following mutual consent of both parties.
Clause 1: Reason for Dissolution
The partners mutually agree to dissolve the partnership due to: [Specify reason for dissolution].
Clause 2: Effective Date
The dissolution shall take effect immediately on [Effective Date].
Clause 3: Allocation of Assets
The partners will distribute the assets remaining in the partnership as follows: [Specify method of allocation].
Clause 4: Liabilities and Debts
All existing liabilities will be settled by the partners as detailed here: [List of liabilities].
Clause 5: Non-Disparagement
The partners agree not to disparage or make negative statements about each other or the partnership post-dissolution.
Clause 6: Limitation of Liability
Each partner agrees to limit their liability towards each other concerning the partnership’s business and its dissolution.
Clause 7: Jurisdiction
This agreement will be governed and interpreted under the laws applicable in [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]

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Please complete the form below to create the Partnership Dissolution Agreement Template. All fields must be filled out to ensure a clear and complete dissolution of the partnership. We provide examples to guide you through each step.

Partnership Dissolution Agreement Template

1. Partnership Information


2. Partner Information





3. Reason for Dissolution

4. Effective Date of Dissolution

5. Distribution of Assets and Liabilities

6. Settlement of Accounts

7. Confidentiality Agreement

8. Indemnification Clauses

9. Governing Law

10. Signatures and Acceptance

11. Declaration and Signatures



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Partnership Dissolution Agreement Template

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Partnership Dissolution Agreement Template