Document background
The End Of Partnership Letter is a crucial document used when partners decide to formally terminate their business relationship under Swiss law. It is particularly relevant when dissolving partnerships governed by the Swiss Code of Obligations, whether due to mutual agreement, completion of business purpose, retirement of a partner, or other circumstances. This document serves multiple purposes: it officially records the dissolution decision, outlines the distribution of assets and liabilities, addresses ongoing obligations, and provides mutual releases from future claims. The End Of Partnership Letter should be drafted with careful attention to Swiss legal requirements, including specific provisions about partnership dissolution procedures, asset distribution, and commercial register requirements where applicable. It's essential to have this document in place to prevent future disputes and ensure a clear record of the partnership's termination terms.
