Dissolution of Partnership Deed
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At a Glance
Dissolution of Partnership Deed
This Dissolution of Partnership Deed is the appropriate precedent when all partners agree to end their business partnership. It allows for the partnership to be formally dissolved and for the existing partnership agreement to be terminated by mutual consent.
What This Deed Covers
• Definitions of the business and partnership agreement
• Agreement by partners to dissolve the partnership on a set date
• Termination of the existing partnership agreement
• Settlement and agreement of accounts, assets, and liabilities
• Restrictions on use of the partnership name after dissolution
• Obligations of partners to execute documents and complete formalities
• Signatures and witnessing requirements for execution as a deed
Why Use This Template?
• Provides a formal legal document to dissolve a partnership
• Ensures mutual consent and proper termination of the partnership agreement
• Requires accounts of assets and liabilities to be reviewed and finalised
• Protects all parties by restricting continued use of the partnership name
• Easy to customise, edit, and implement
Suitable For
This precedent is ideal when all partners agree to dissolve their business and want a clear, binding deed that records the termination date, settlement of accounts, and mutual obligations.
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