Partnership Termination Agreement Template for Hong Kong

1. Ongoing Projects: Used when there are incomplete projects that need to be addressed - includes handling and completion arrangements

2. Intellectual Property Rights: Used when the partnership owns or uses significant IP - addresses division or licensing of IP assets

3. Non-Compete Provisions: Used when partners agree to restrictions on future business activities

4. Employee Matters: Used when the partnership has employees - addresses their transfer or termination

5. Insurance and Indemnification: Used when there are ongoing insurance policies or specific indemnification needs

6. Client/Customer Transition: Used when there is a significant client base requiring transition arrangements

7. Dispute Resolution: Used when partners want specific dispute resolution mechanisms beyond court proceedings

8. Tax Matters: Used when complex tax implications need specific handling arrangements

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

2. Schedule 2 - Liability Register: Comprehensive list of all partnership liabilities and their allocation

3. Schedule 3 - Final Accounts: Detailed final financial statements and balance sheets

4. Schedule 4 - Client List: List of clients and their allocation between partners

5. Schedule 5 - Outstanding Projects: Details of ongoing projects and their handling

6. Appendix A - Valuation Report: Independent valuation of partnership assets (if applicable)

7. Appendix B - Tax Clearance: Tax clearance certificates or relevant tax documentation