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Partnership Dissolution Agreement
A Partnership Dissolution Agreement is used to dissolve a business partnership by detailed the agreement under which the parties wish to end their partnership. This template can be used for an ordinary partnership where the partners agree to the dissolution.
| £19.99 |
There will be times within the life of any business where a partnership will need to end. This may be the end of the business in general or because one partner is leaving. Whatever the reason for the dissolution of the partnership, it is important that it is carried out effectively so that all parties concerned understand the implications of the dissolution and are aware of the terms under which the dissolution is taking place.
Why use a Partnership Dissolution Agreement?
To bring a business partnership to an end legally it is not necessary to create a Partnership Agreement Dissolution, as a partnership dissolution has no formal rules to be adhered to. However, this does not mean that it would be sensible to cut corners and end your business partnership informally.
The purpose of a Partnership Dissolution Agreement is to ensure that the decisions made by the partners in relation to the dissolution are understood by all parties and that all parties agree to them.
We agree to the dissolution so is there really a need for a signed Agreement?
Just because you agree to the dissolution does not mean that the process of dissolving your business partnership will run smoothly. It is likely that some aspects of the business may not have been discussed and as such there has been no agreement. Creating and signing a Partnership Dissolution Agreement not only offers all partners the protection that a signed contract brings, in case of future disputes, but will also lead partners to discuss every aspects of the business and make decisions that they may have done so if they were dissolving the partnership informally.
The downloadable Partnership Dissolution Agreement is drafted by a fully qualified solicitor who has a large amount of experience in business law. The template is therefore a comprehensive document that is fully customisable, allowing you to use it as it is written, or amend parts to reflect your business needs. If a partner is leaving and being replaced it is recommended that an Admission of a New Partner Agreement is carried out.
| £19.99 |
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