You can open the Business Partner Separation Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Business Partner Separation Agreement Template Printable | Editable FormSample
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
This agreement formalizes the separation of the business partnership effective as of [Effective Date], detailing the terms and conditions for the dissolution of the partnership.
The purpose of this separation is to outline the responsibilities and obligations of each partner upon the termination of the partnership.
The parties agree to distribute the partnership assets as follows: [Specify the distribution method for assets].
Both partners shall be responsible for the liabilities accrued during the partnership, which will be settled in the following manner: [Specify payment terms for debts].
Both parties agree to maintain the confidentiality of any proprietary information acquired during the partnership.
Both partners agree not to engage in or establish a competing business for a period of [Specify duration] within [Specify geographical area].
This agreement shall be governed by the laws of [Jurisdiction].
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
This agreement outlines the terms for the separation of business partners, effective [Effective Date], detailing the process for winding down the partnership.
The separation between the partners shall be effective as of [Effective Date].
The partners agree to settle all financial obligations incurred during the partnership, detailed as follows: [Specify financial obligations and settlement terms].
Partners agree to return any property belonging to the partnership in a timely manner: [Specify items to be returned and timelines].
Each partner agrees to indemnify the other against any liability or loss arising from the partnership up to the date of separation.
Both partners agree to the final settlement of all claims, providing confirmation upon completion of the terms in this agreement.
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
Form
Please complete the form below to create the Business Partner Separation Agreement Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step. Business Partner Separation Agreement Template 1. Partner Information 2. Agreement Date 3. Reason for Separation 4. Ownership Interests 5. Asset Distribution 6. Liabilities and Obligations 7. Non-Compete Clause 8. Confidentiality Obligations 9. Future Communication 10. Signatures and Acceptance 11. Declaration and Signatures
PDF
WORD
Business Partner Separation Agreement Template Printable | Editable FormPrintable
