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Partnership Dissolution Agreement

A legally binding agreement between the partners in a partnership business which serves to formalise and regulate the termination and/or dissolution of the partnership business.

Document: Partnership Dissolution Agreement

Document code: JD005

Document format(s):
Partnership Dissolution Agreement in Microsoft Word Document MS Word


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A Dissolution of Partnership is a legally binding agreement made between the partners of a partnership in circumstances where the partners agree to terminate and/or dissolve the partnership business. The Dissolution of Partnership provides the procedures to be followed, as well as the consequences of such dissolution. There are no formal rules applicable to these agreements and a written agreement is not a legal requirement. However, a Dissolution of Partnership is essential in order to reduce disputes amongst the partners, ensuring that correct procedures are adhered to, as well as providing certainty regarding the consequences of the dissolution on the partners.

This agreement contains the following clauses:

  1. Definitions
  2. Dissolution
  3. Assets and Liabilities
  4. Continuation
  5. Shortfall
  6. Records and Accounts
  7. Disposal of Proceeds
  8. Advertisement
  9. Release
  10. Governing Law and Jurisdiction
  11. Counterparts
  12. Notices
  13. Costs
  14. Signatures

The Partnership Dissolution Agreement is available to download instantly in the following formats:

Microsoft Word Document Microsoft Word document
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