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Form #1670

Partnership Dissolution

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Agreement to dissolve a uk partnership.


May not be enforceable outside of England & Wales

This form should not be copied but only used as guidance to dreate a new partnership dissolution agreement.
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DATED  THIS  …………….  DAY OF  ………………………….    2012

 

 

 

 

 

 

 

 

 

.........................................

 

and

 

...........................................

 

 

 

 

 

 

 

 

AGREEMENT FOR THE DISSOLUTION

OF

THE ................................. PARTNERSHIP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

THIS AGREEMENT  is made the           day of                                             2003

 

 

BETWEEN:

(1)          ................

and

(2)          ..................

 

WHEREAS:

 

(A)          The parties to this agreement carry on the business of

 

(B)          The said parties have agreed that the said partnership is to be dissolved on..........................

 

 

IT IS AGREED as follows:

 

1.            Dissolution

 

The said partnership is declared to be dissolved on …………… 2012

 

2.            Assets and Liabilities

 

In consideration of payment of £........ (.......... pound) paid by ......................., upon the execution of this agreement, receipt whereof .................................. hereby acknowledges, ............................shall become forthwith the sole owner of all the assets of the partnership, including the goodwill and the trading name “..................................” and shall take over the agreements listed in Schedule One and all debts and liabilities save for taxation (see clause 7)

 

3.            Books and papers

 

The books of account papers records letters and other documents relating to the partnership shall be retained by ..................... for at least ....... years from the date of dissolution and he shall be responsible for their safe custody during that period. 

 

................................ shall be entitled to inspect such books of account papers records letters and other documents upon giving reasonable notice to.....................

 

4.            Use of firm name

 

......................... shall be at liberty to carry on business anywhere trading under or using the name of the partnership firm – .........................

 

 

 

5.            Execution of necessary documents, etc

 

Each of the parties to this agreement shall sign and execute and do all such documents deeds and things as shall be necessary for carrying the provisions of this agreement into effect

 

6.         Mutual releases

 

Each of the parties to this agreement releases any claim he may have against the other under the said partnership but such releases shall not extend to claims arising under this agreement

 

7.         Tax Indemnity

 

It is agreed that any tax liabilities resulting from the former partnership be paid or otherwise dealt with on an equal basis and it is further agreed that ................. ....................indemnify each other to this effect. 

 

8.         Notification of dissolution

 

Due notice of the dissolution of the partnership shall be given in the London Gazette and so far as may be reasonably practicable by circular letter to all persons firms and bodies with whom the partnership has had dealing during the period of one year preceding the date of this agreement.  For this purpose each of the parties to this agreement shall sign all necessary documents and if either of them shall refuse or neglect to do so the other may sign the same on his behalf and in his name.

 

 

FIRST SCHEDULE

 

1.   Bank Loan

2.   Lease Agreement

3.   Plant Lease

4.   Company Credit Card

5.   Finance Agreement

6.   Bank Overdraft A/C No.

 

AS WITNESS of which the parties have set their hands to this agreement the date and year written on page one above.

 

 

SIGNED by the said                           XXXXXXXXXXXXXXXXXX

 

                                                            ............................................

 

In the presence of:                              ...........................................

 

 

 

 

SIGNED by the said                           XXXXXXXXXXXXXXXXXX

 

                                                            ............................................

 

In the presence of:                              ...........................................

 

 

Attorney Advertising
Lancasters Solicitors is only advertising in states where they are admitted to practice
Contributed by
James
 
Name of Firm Lancasters Solicitors
Profession (lawyer symbol)   Lawyer
Number of lawyers in firm 1
Branch of Law Landlord & Tenant, Commercial,
Principal Office Address 11a-12a Market Street Pontypridd RCT CF37 2ST
Practicing law since 1/1/1998
Education / Certifications London University LL.B. Cardiff University LL.M. College of Law Dip LP AML Prince2
Total Forms Contributed 1
Phone 07855 755362
 Legal Practice
State Advertising Disclaimer:
No liability accepted for any information that is published or available outside of contracted instructions.
No liability accepted for any information that is published or available outside of contracted instructions.

See All James's Forms
 

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BOARD OF DIRECTORS' RESOLUTION ADVISING DISSOLUTION AND CALLING SHAREHOLDERS' MEETING
SHAREHOLDERS' RESOLUTION OF APPROVAL OF DISSOLUTION
SHAREHOLDERS' RESOLUTION FOR APPROVAL OF DISSOLUTION
Certificate of resolution of stockholders for dissolution
SHAREHOLDERS’CERTIFICATE OF DISSOLUTION

Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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