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Partnership Dissolution Agreement Agreement made on the (date), between (Name of Partner Alpha) of (street address, city, state, zip code), referred to herein as Alpha, (Name of Partner Beta), of.

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Related content

Marital Dissolution Agreement
Divorce Agreement. (Marital Dissolution Agreement). File No. (Must Be Completed)...
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Deed of Dissolution of Partnership - ICSI
NOW THIS DEED WITNESSES that in pursuance of the said agreement it is hereby declared and...
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Dissolution (law) - Wikipedia
In law, dissolution is any of several legal events that terminate a legal entity or...
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Related links form

CA DIR CAlJOSHA 41-1 2006 CA Form CT-3CF 2005 CA HCD 475.1 2006 CA HCD 481.2 1997

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A Partnership Dissolution Agreement is an agreement between two or more partners to end a business partnership. Signing a Partnership Dissolution Agreement will not immediately end the partnership.

There are three causes of dissolution: (1) by act of the partners—some dissociations do trigger dissolution; (2) by operation of law; or (3) by court order.

Reasons for Dissolution of partnership Death of a partner. Admission of a new partner. Insolvency of an existing partner. Early retirement of a partner. Due to expiry of a partnership period after a certain time as mutually agreed upon by all partners.

While both words are concerned with the end of a business partnership, dissolution refers to the process itself, and usually to the departure (or death) of one or more individuals from the entity, while termination refers to the cessation of all operations, including the disposal of all assets.

The first is voluntary dissolution, which is an elective decision to dissolve the entity. A second is involuntary dissolution, which occurs upon the happening of statute-specific events such as a failure to pay taxes. Last, a corporation may be dissolved judicially, either by shareholder or creditor lawsuit.

Dissolution Agreements are particularly important in partnerships, because in their absence there may be no clear end to the partnership and partnership liability may continue indefinitely. It is important to document when a partner or co-owner leaves a business or when a business must be closed or shut down entirely.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232