Partnership Exit Agreement Template for Australia

1. Intellectual Property Rights: Allocation of IP rights when the partnership owns significant intellectual property

2. Employee Matters: Provisions regarding staff if the exiting partner had specific employment relationships

3. Client Transition: Process for managing client relationships where the exiting partner had significant client contact

4. Earn-Out Provisions: Additional payment terms based on future performance, if applicable

5. Tax Indemnification: Specific tax-related provisions if complex tax implications exist

6. Insurance Matters: Provisions regarding ongoing insurance coverage and claims

7. Partnership Name Usage: Terms for using the partnership name if it includes the exiting partner's name

8. Outstanding Loans: Treatment of any loans between partners or to/from the partnership

9. Property Lease Arrangements: Provisions regarding property leases if the exiting partner is involved in lease agreements

1. Schedule A - Financial Statement: Current financial position of the partnership

2. Schedule B - Calculation of Exit Payment: Detailed breakdown of the exit payment calculation

3. Schedule C - Partnership Assets: Complete list of partnership assets and their allocation

4. Schedule D - Outstanding Liabilities: List of all partnership liabilities and their treatment

5. Schedule E - Client List: List of clients and their allocation between partners

6. Schedule F - Payment Schedule: Detailed timeline of exit payments if being paid in installments

7. Schedule G - Transferred Contracts: List of contracts being transferred or requiring novation

8. Appendix 1 - Valuation Report: Independent valuation report if obtained

9. Appendix 2 - Tax Opinion: Tax advisor's opinion on exit implications if obtained