Other Names: Termination of Partnership Cancellation of Partnership Agreement Partnership Dissolution
A Partnership Dissolution Agreement is an agreement between two or more partners to end a business partnership. A Partnership Dissolution Agreement will not immediately end the partnership. Partnerships continue until the business has gone through the process of settling the business' debts, terminating its legal existence, and distributing the remaining assets. A Partnership Dissolution Agreement, or Termination of Partnership, however, can be especially helpful if you didn't have an original Partnership Agreement, or if it didn't provide terms for ending the partnership. By setting out clear timelines, responsibilities, and roles for each partner, this Partnership Dissolution Agreement makes it easier to end a business relationship and move on to whatever's next. Get started on yours with Rocket Lawyer now!
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