Partnership Separation Agreement Template

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Partnership Separation Agreement Template

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Partnership Separation 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 agreement serves to formalize the separation of the partnership established on [Partnership Start Date] and outlines the terms of the separation.
Clause 1: Dissolution of Partnership
The parties hereby agree to dissolve their partnership effective [Dissolution Date].
Clause 2: Distribution of Assets
The assets of the partnership shall be distributed as follows: [Specify distribution details].
Clause 3: Settlement of Liabilities
The partners agree to settle any outstanding liabilities incurred during the partnership as follows: [Specify terms].
Clause 4: Confidentiality
Both partners agree to maintain the confidentiality of all business-related information and agreements post-separation.
Clause 5: Governing Law
This agreement will 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 Separation 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 under which the partners will separate their business relationship effective as of [Separation Date].
Clause 1: Agreement to Separate
The partners mutually agree to dissolve the partnership starting [Separation Date].
Clause 2: Asset Valuation
An evaluation of partnership assets will be conducted, with the results determining the distribution: [Specify evaluation process].
Clause 3: Payment of Debts
Details regarding the settlement of any debts and obligations incurred by the partnership will be as follows: [Specify terms].
Clause 4: Indemnification
Each partner agrees to indemnify the other against any claims related to the partnership operations that arise after the effective date of separation.
Clause 5: Final Settlement
The partners agree that this represents the final settlement of all matters concerning the partnership, and no additional claims will be made after execution of this agreement.
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 Separation Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Partnership Separation Agreement Template

1. Partner Information





2. Partnership Information


3. Reason for Separation

4. Division of Assets

5. Liabilities and Debt Responsibilities

6. Confidentiality and Non-Disclosure

7. Non-Compete Agreement

8. Dispute Resolution

9. Final Provisions

10. Signatures and Acceptance

11. Declaration and Signatures



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Partnership Separation Agreement Template

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Partnership Separation Agreement Template