Partnership dissolution agreement
This document is a professionally drawn framework for business partners to wind up their affairs together and formally dissolve their partnership. It covers practical, commercial and administrative points for businesses of any size in any industry.
- Solicitor approved
- Plain English makes editing easy
- Guidance notes included
- Money back guarantee
Dissolve your partnership without stress
This is a professionally drawn, easy to use 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.
Most importantly, it is a document that negates the provisions for dissolution as contained in the Partnership Act 1890, most of which do not reflect how businesses operate today.
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.
This document can be used to record the final agreement, but it also makes a good “discussion document” or heads of terms for your talks about separation. Winding up any business 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 could 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 a solicitor for Net Lawman. It complies with current English law.
What other customers thought
Average customer rating
By Gary Wilkes 08 September 2016
In process of using the document at the minute... It's a very helpful tool when dissolving a partnership. Good product at a good price.
By Kirstie Campbell 02 March 2015
I was worried about buying a 'off the shelf' legal document which I required to formally dissolve a business partnership, however I felt much better when I read through the sample that was available on the Net Lawman website as it included all the basics that we required.
Everything worked quickly and efficiently and I have made a few changes to reflect the issues personal to our situation. I did consider using the legal expert service, but for the price (which I still thought competitive) it wasn't worthwhile for the scale of our operation.
Within a couple of days I have everything finalised and so yes I would recommend this product and service to other businesses - its great value for those who work as sole traders and small partnerships / companies, where this might suit their budget better than going to a solicitors firm.
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