Expulsion With Sentence

State:
Multi-State
Control #:
US-02620BG
Format:
Word; 
Rich Text
Instant download

Description

The document serves as a Law Partnership Agreement that outlines the terms of expulsion of a partner and other significant provisions. It defines key scenarios such as death, retirement, withdrawal, and expulsion, specifically detailing the grounds for expulsion, which include license suspension, breach of ethics, and insolvency. The agreement emphasizes that expulsion results in immediate dissolution of the Partnership unless remaining partners decide to continue. It also specifies how the partnership interest of an expelled partner is calculated, covering unpaid loans and capital accounts. Key features include clear provisions for management, contributions, profit distribution, and the handling of assets and liabilities. Filling and editing instructions highlight the necessity for partners to customize sections such as capital contributions and voting percentages. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a comprehensive framework for managing partnership dynamics and addressing the departure of partners in a structured manner.
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  • Preview Law Partnership Agreement with Provisions for the Death, Retirement, Withdrawal, or Expulsion of a Partner
  • Preview Law Partnership Agreement with Provisions for the Death, Retirement, Withdrawal, or Expulsion of a Partner
  • Preview Law Partnership Agreement with Provisions for the Death, Retirement, Withdrawal, or Expulsion of a Partner
  • Preview Law Partnership Agreement with Provisions for the Death, Retirement, Withdrawal, or Expulsion of a Partner
  • Preview Law Partnership Agreement with Provisions for the Death, Retirement, Withdrawal, or Expulsion of a Partner
  • Preview Law Partnership Agreement with Provisions for the Death, Retirement, Withdrawal, or Expulsion of a Partner
  • Preview Law Partnership Agreement with Provisions for the Death, Retirement, Withdrawal, or Expulsion of a Partner
  • Preview Law Partnership Agreement with Provisions for the Death, Retirement, Withdrawal, or Expulsion of a Partner
  • Preview Law Partnership Agreement with Provisions for the Death, Retirement, Withdrawal, or Expulsion of a Partner

How to fill out Law Partnership Agreement With Provisions For The Death, Retirement, Withdrawal, Or Expulsion Of A Partner?

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Expulsion With Sentence