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.

Suitable for use in: England & Wales and Scotland
£28.80 inc VAT ( £24.00 ex VAT )
  • Solicitor approved
  • Plain English makes editing easy
  • Guidance notes included
  • Money back guarantee
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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.

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
Draftsman

This document was written by a solicitor for Net Lawman. It complies with current English law.

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