Partnership Exit Agreement Template for New Zealand

1. Intellectual Property Rights: Required when the exiting partner has contributed to or owns IP rights that need to be addressed

2. Ongoing Consultancy Arrangement: Include when the exiting partner will continue to provide services in a consulting capacity

3. Client Transition: Necessary when the exiting partner has significant client relationships that need formal transition

4. Employee Matters: Required when the exiting partner has direct reports or specific employee relationships

5. Insurance and Indemnification: Include when there are specific insurance or indemnification requirements post-exit

6. Partnership Name Usage: Necessary when the exiting partner's name is part of the partnership name

7. Earn-out Provisions: Include when part of the exit payment is contingent on future performance

1. Schedule 1 - Calculation of Purchase Price: Detailed breakdown of the partnership interest valuation and purchase price calculation

2. Schedule 2 - Payment Schedule: Detailed timeline and terms of payment installments if applicable

3. Schedule 3 - Assets and Liabilities: Comprehensive list of partnership assets and liabilities affecting the exit

4. Schedule 4 - Client List: List of clients and agreed arrangements for their handling post-exit

5. Schedule 5 - Ongoing Projects: List of current projects and their handling post-exit

6. Appendix A - Partnership Valuation Report: Independent valuation report if obtained

7. Appendix B - Non-Compete Terms: Detailed terms of any non-compete or restrictive covenants