Agreement and Assignment of Partnership Interest

• Category: Contracts - Assignments
• State: Multi-State
• Control #: US-C-A-33302-01
• Format: Word; Rich Text

Description

A partnership is a type of business structure in which two or more people or entities own and operate a business. When one owner sells their stake in the partnership to a third party, an assignment of partnership interest records the transaction to the new partner. The assignment of partnership interest involves two parties: the assignor or the partner transferring their stake and the assignee, the new partner. The document that details the transaction needs to include the following information: Information about the partnership like the name of the business; The type of interest being transferred; The names and information of both the assignor and the assignee; Information about the remaining partners