Partnership Termination Agreement Template for Australia

1. Intellectual Property Rights: Division and assignment of IP rights owned by the partnership

2. Employee Management: Handling of employment relationships if the partnership has employees

3. Insurance: Arrangements for maintaining or terminating insurance policies

4. Non-Compete Provisions: Restrictions on partners' future business activities

5. Dispute Resolution: Specific procedures for resolving any disputes arising from the termination

6. Tax Matters: Specific arrangements for handling tax obligations and returns

7. Business Name and Marketing Materials: Provisions for handling business names, websites, and marketing materials

8. Continuing Obligations: Any ongoing responsibilities of partners post-termination

1. Schedule A - Asset Register: Detailed list of all partnership assets and their agreed values

2. Schedule B - Liability Register: Comprehensive list of all partnership liabilities and responsible parties

3. Schedule C - Client List: List of all clients and agreed arrangements for their future management

4. Schedule D - Distribution Plan: Detailed plan for distribution of assets and assumption of liabilities

5. Schedule E - Outstanding Matters: List of pending matters, projects, or transactions requiring attention

6. Appendix 1 - Final Financial Statements: Copy of final partnership accounts and financial statements

7. Appendix 2 - Valuation Reports: Any independent valuations of partnership assets

8. Appendix 3 - Assignment Documents: Templates or copies of documents assigning assets, contracts, or rights