Partnership Settlement Agreement Template for Hong Kong

1. Non-Compete and Non-Solicitation: Restrictions on future business activities and client solicitation, if agreed between parties

2. Confidentiality: Obligations regarding confidential information, typically included if sensitive business information is involved

3. Ongoing Obligations: Any continuing duties or responsibilities of the parties post-dissolution

4. Intellectual Property Rights: Allocation of IP rights if the partnership owned or developed intellectual property

5. Third Party Rights: Provisions regarding the rights of third parties under the Contracts (Rights of Third Parties) Ordinance

6. Insurance and Indemnification: Provisions for maintaining insurance coverage and indemnification obligations

7. Dispute Resolution: Detailed procedures for resolving disputes, including mediation or arbitration provisions

8. Public Announcements: Requirements for making public statements about the dissolution and settlement

1. Schedule 1 - Asset Distribution: Detailed listing of partnership assets and their agreed distribution

2. Schedule 2 - Financial Settlement: Detailed breakdown of financial settlements including payments and adjustments

3. Schedule 3 - Outstanding Liabilities: List of partnership liabilities and their allocation between partners

4. Schedule 4 - Client List: Distribution or handling of client relationships and ongoing matters

5. Schedule 5 - Completion Actions: List of actions required to be taken by each party to complete the settlement

6. Appendix A - Partnership Agreement: Copy of the original partnership agreement being terminated

7. Appendix B - Valuation Reports: Any relevant valuation reports for partnership assets

8. Appendix C - Tax Calculations: Detailed tax calculations and allocations