Dissolution Partnership Deed
This Dissolution Partnership Deed ("Deed") is made and entered into as of the 20th day of January 2050, by and between the undersigned partners collectively doing business under the name and style of [Your Company Name] ("Partnership").
I. Introduction
This Deed outlines the agreement for the dissolution of the Partnership, initially established on [Establishment Date], between the partners whose names and addresses are subscribed herein. This document sets forth the terms under which the Partnership will be dissolved, assets and liabilities will be distributed, and the responsibilities of each partner.
II. Declaration of Dissolution
The partners hereby agree as follows:
The Partnership shall be dissolved effective as of the 20th day of January 2050, hereinafter referred to as the "Effective Date".
All business operations shall cease as of the Effective Date unless required to complete pending transactions.
III. Distribution of Assets and Liabilities
A. Assets
The assets of the Partnership shall be distributed to the partners according to the partnership agreement and the following schedule:
B. Liabilities
Liabilities will be settled using the following methodology:
Each partner shall be responsible for the liabilities in proportion to their share in the Partnership as recorded at the Effective Date.
All tax liabilities up to the Effective Date shall be cleared using the Partnership's remaining funds.
IV. Final Accounting
A. Preparation of Final Accounts:
A final account of the Partnership's financial affairs shall be prepared by [Accountant Name], certified by [Certifying Authority], and distributed to all partners.
B. Settlement of Accounts:
Any remaining funds after the settlement of liabilities shall be distributed among the partners in proportion to their respective capital contributions.
V. General Provisions
Any unresolved disputes regarding the dissolution terms shall be resolved through arbitration as per the laws of [Your State/Country].
This Deed represents the entire agreement concerning the dissolution and supersedes all prior discussions and agreements.
Amendments to this Deed must be made in writing and signed by all partners.
VI. Signatures
Each partner hereby agrees to the terms of this Dissolution Partnership Deed by affixing their respective signatures below. This Deed is executed in multiple counterparts, each of which shall be deemed an original but all of which together shall constitute the same instrument.
Party A:
[Your Name]
[Date Signed]
Party B:
[Party B Name]
[Date Signed]
VII. Witnesses
This Deed is witnessed and signed on the day and the year first above written.
[Witness 1 Name]
[Witness 2 Name]
NOTARIZATION:
State of [STATE], County of [COUNTY]
On this 20th of January 2050, before me, a Notary Public in and for said county and state personally appeared [Your Name] and [Party B Name], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
[Notary Public Name]
Notary Public in and for [State]
My Commission Expires: [Expiration Date]
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