The Partition Agreement Sample for Business in Maricopa is a legal document designed for co-owners of real property to voluntarily partition and divide their shared land. This form enables co-owners to detail their mutual agreement to separate ownership of the property into distinct tracts. Key features include a clear description of the property, agreements on equitable division, and the execution of quitclaim deeds for each tract, which formally transfers ownership. Users should fill out the necessary details regarding the property, specify any other interests, and outline the agreed divisions identified through attached exhibits. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to resolve co-ownership disputes or clarify ownership rights. Its straightforward language and structured format ensure ease of use, making it accessible even for those with limited legal experience. Each party's acknowledgment by a notary public is also required, adding a layer of legal validation to the agreement.