Partner Buyout Agreement Template for Canada

1. Non-Competition and Non-Solicitation: Restrictions on the departing partner's future business activities, included when protecting business interests is crucial

2. Transition Services: Terms for any ongoing support or services to be provided by the departing partner

3. Tax Matters: Specific tax treatment and allocations, included when complex tax implications exist

4. Intellectual Property Assignment: Specific IP transfer provisions, included when IP is a significant asset

5. Employee Matters: Provisions regarding employees and their transition, included when staff transfers are involved

6. Earn-out Provisions: Structure for additional payments based on future performance, included when part of purchase price is contingent

7. Bank and Financial Arrangements: Provisions for handling existing loans and banking relationships, included when significant debt exists

8. Real Estate Matters: Provisions regarding property ownership or leases, included when real estate is involved

1. Schedule A - Partnership Interest Details: Detailed description of the partnership interest being transferred

2. Schedule B - Purchase Price Calculation: Detailed methodology and calculations for the purchase price

3. Schedule C - Closing Deliverables: List of all documents and items to be delivered at closing

4. Schedule D - Existing Contracts: List of material contracts affecting the partnership

5. Schedule E - Assets and Liabilities: Detailed list of partnership assets and liabilities

6. Schedule F - Required Consents: List of third-party consents needed for the transfer

7. Appendix 1 - Form of Release: Form of mutual release to be executed at closing

8. Appendix 2 - Resignation Documents: Forms of resignation from various partnership positions