A Partnership Dissolution Agreement is essential when business partners decide to end their professional relationship and terminate their partnership. This document is commonly used across the United States when partners wish to formally dissolve their business relationship while ensuring a clear and orderly separation of interests. The agreement addresses crucial aspects such as asset division, debt allocation, client transitions, and ongoing obligations. It must comply with both federal partnership laws and state-specific requirements, which can vary by jurisdiction. The document typically includes provisions for final accounting, tax considerations, and mutual releases to prevent future disputes. It's particularly important to have this agreement properly drafted to protect all parties' interests and ensure a smooth transition out of the partnership structure.
Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Partnership Dissolution Agreement
"I need a Partnership Dissolution Agreement for a three-partner law firm where one partner is retiring on March 1, 2025, and we need to include specific provisions about client transitions and division of ongoing cases."
1. Parties: Identification of all partners involved in the dissolution
2. Background: Brief history of the partnership and reasons for dissolution
3. Definitions: Key terms used throughout the agreement
4. Effective Date of Dissolution: Specific date when the partnership will legally end
5. Division of Assets: Detailed breakdown of how partnership assets will be distributed
6. Allocation of Liabilities: Distribution of outstanding debts and obligations
7. Final Accounting: Process for completing final partnership accounting
8. Release of Claims: Mutual release of future claims between partners
1. Non-Compete Provisions: Restrictions on future business activities - use when partners want to prevent competition in same market
2. Intellectual Property Rights: Division of IP assets and future usage rights - use when partnership owns intellectual property
3. Employee Arrangements: Handling of employees post-dissolution - use when partnership has employees
4. Client Transition: Process for handling existing clients - use when partnership has ongoing client relationships
1. Schedule A - Asset Inventory: Complete list of partnership assets and their agreed values
2. Schedule B - Liability List: Comprehensive list of all partnership debts and obligations
3. Schedule C - Client List: List of current clients and their allocation between partners
4. Schedule D - Final Balance Sheet: Current financial position of the partnership
5. Appendix 1 - Valuation Reports: Any third-party valuations of partnership assets
6. Appendix 2 - Tax Clearance Certificates: Documentation showing tax compliance
Authors
Agreement
Business Day
Closing Date
Confidential Information
Dissolution Date
Distribution
Effective Date
Encumbrance
Final Accounting
Final Distribution
Intellectual Property Rights
Liabilities
Partnership
Partnership Assets
Partnership Interest
Partnership Property
Partners
Remaining Partners
Retiring Partner
Settlement Amount
Tax Obligations
Third Party Claims
Transfer
Valuation Date
Winding Up
Working Capital
Asset Division
Assignment and Transfer
Confidentiality
Dispute Resolution
Distributions
Final Accounting
Further Assurance
Governing Law
Indemnification
Intellectual Property Rights
Liability Allocation
Non-Competition
Non-Solicitation
Notices
Payment Terms
Release of Claims
Representations and Warranties
Severability
Tax Matters
Termination
Third Party Rights
Transition Period
Waiver
Winding Up Procedures
Find the exact document you need
Contract Letter Between Two Parties
A legally binding agreement in letter format that establishes contractual relationships between two parties under U.S. law.
Enforceable Contract
U.S.-compliant enforceable contract template incorporating all essential elements required under federal and state law.
Basic Contract
A standard U.S.-compliant contract template establishing fundamental terms and conditions between parties, suitable for various business relationships.
Prenuptial Agreement
A U.S. legally binding contract executed before marriage that establishes property and financial rights of spouses in case of divorce or death.
Agreement Letter Between Two People
A legally binding agreement letter used in the U.S. to document mutual understanding and obligations between two individuals, following American contract law principles.
Home Contract Agreement
A legally binding agreement under U.S. federal and state laws that documents the terms and conditions for the purchase and sale of residential property.
Statement Of Agreement
A U.S.-compliant formal document that outlines agreed terms between parties, serving as a legally binding agreement while being more streamlined than a full contract.
Business Percentage Agreement
A U.S.-governed agreement establishing percentage-based revenue or profit sharing terms between business parties.
Rent In Exchange For Services Agreement
A U.S. legal agreement establishing terms for rent-free accommodation in exchange for specified services provided to the property owner.
Catering Contract
A U.S.-governed agreement between caterers and clients for professional food service provision, covering service terms, pricing, and regulatory compliance.
Business Cooperation Agreement
A US law-governed agreement establishing terms and conditions for business collaboration between multiple parties, defining rights, obligations, and operational framework.
Terms Of Business Agreement
A US law-governed agreement establishing core terms and conditions for business-to-business service provision.
Online Lease Agreement
A U.S.-compliant digital rental contract establishing terms between landlord and tenant for residential property use.
Business Contract
A U.S.-governed Business Contract establishing terms and conditions for commercial relationships between business entities.
Yearly Contract Agreement
A US-governed agreement establishing terms and conditions for a twelve-month contractual relationship between parties.
Working Partner Agreement
A U.S. legal agreement defining the terms and conditions of a working partner's involvement in a business, including ownership rights and operational responsibilities.
Work For Hire Contract
A U.S.-governed agreement establishing ownership rights of commissioned work under the work-for-hire doctrine.
Work For Hire Agreement
A U.S.-governed agreement establishing ownership rights and terms for work created by a contractor for a hiring party, under copyright law.
Work Contract Agreement
A legally binding employment agreement that establishes work terms and conditions between employer and employee, compliant with U.S. federal and state employment laws.
Work Contract
A legally binding employment agreement that establishes terms and conditions of employment under U.S. federal and state laws.
Work Agreement
A U.S.-compliant agreement establishing employment terms between employer and employee.
Wholesaling Houses Contracts
A U.S. legal agreement enabling the transfer of property purchase rights from a wholesaler to an end buyer, subject to federal and state real estate regulations.
White Label Agreement
A U.S.-governed agreement enabling one company to rebrand and sell another company's products or services under their own brand name.
Website Development Agreement
A U.S.-compliant legal agreement between a website developer and client establishing terms for website development services, including scope, timeline, and deliverables.
Website Design Contract
A U.S.-compliant legal agreement between a website designer and client defining the terms of website design services and deliverables.
Website Contract
A U.S.-governed legal agreement between website developers and clients defining website development terms and obligations.
Web Development Contract
A U.S.-governed legal agreement between a web developer and client specifying terms for website development services, including scope, deliverables, and rights.
Web Design Contract
A U.S.-governed legal agreement between a web designer and client specifying terms, deliverables, and rights for website development services.
Volunteer Contract
A legally binding agreement under U.S. law that establishes terms and conditions between a volunteer and an organization for unpaid service provision.
Voluntary Service Agreement
A U.S.-governed agreement defining terms and conditions for volunteer services, protecting both the volunteer and the organization.
Virtual Assistant Contract
A U.S.-compliant legal agreement establishing the terms and conditions between a client and a virtual assistant, governing remote work arrangements and protecting both parties' interests.
Venue Rental Agreement
A U.S.-compliant legal agreement governing the temporary rental of a venue or facility, establishing terms, conditions, and responsibilities between the venue owner and renter.
Vendor Services Agreement
A U.S.-governed contract defining the terms and conditions for services provided by a vendor to a client.
Vendor Contract
A legally binding agreement under U.S. law that governs the relationship between a vendor and purchaser, establishing terms for goods or services provision.
Vendor Agreement
A legally binding U.S. contract that establishes terms and conditions between a supplier and purchaser for the provision of goods or services.
Vending Machine Agreement
A U.S. legal agreement governing the placement and operation of vending machines on property, including terms for revenue sharing and maintenance obligations.
Vehicle Selling Agreement
A U.S.-compliant legal agreement documenting the sale and transfer of ownership of a vehicle between seller and buyer.
Vehicle Sale Agreement
A legally binding document used in the United States that documents the transfer of vehicle ownership between parties, compliant with federal and state regulations.
Vehicle Lease Agreement Between Individual And Company
A U.S.-governed agreement establishing terms for a company to lease a vehicle to an individual, compliant with federal and state leasing laws.
Vehicle Lease Agreement
A legally binding agreement under U.S. law that establishes terms and conditions for leasing a vehicle from a lessor to a lessee.
Vehicle Agreement Between Two Parties
A legal agreement used in the United States to document the sale and transfer of a vehicle between two parties, outlining terms, conditions, and responsibilities of the sale.
Vehicle Agreement
A legally binding document used in the United States that governs the sale, purchase, or lease of a vehicle, compliant with federal and state regulations.
Variation Agreement
A U.S.-compliant legal document that modifies specific terms of an existing contract while maintaining other original terms.
Vacation Rental Agreement
A legal agreement governing short-term vacation property rentals in the United States, establishing terms between property owners and temporary guests.
Trust Contract
A U.S. legal document establishing a trust relationship where assets are managed by a trustee for beneficiaries' benefit, subject to federal and state trust laws.
Truck Lease Agreement
A legally binding agreement governed by U.S. federal and state laws that establishes terms for leasing a commercial truck between a lessor and lessee.
Tripartite Contract
A U.S.-governed legal agreement between three parties establishing mutual obligations and responsibilities.
Tree Removal Agreement Between Neighbors
A U.S. legal agreement between neighboring property owners establishing terms and responsibilities for removing a shared or boundary-line tree.
Transportation Contract
A legally binding agreement governing the transportation of goods within the United States, establishing terms between carriers and shippers in compliance with federal transportation laws.
Transfer Of Ownership Agreement
A legally binding U.S. document that formally transfers ownership rights of property, assets, or business interests from one party to another, subject to federal and state laws.
Transfer Of Business Ownership Agreement
A legally binding agreement used in the United States to document and execute the transfer of business ownership from one party to another, ensuring compliance with federal and state laws.
Trailer Rental Contract
A U.S.-compliant legal agreement governing the temporary rental of a trailer, establishing terms between rental company and renter.
Trailer Rental Agreement
A legally binding U.S. agreement establishing terms and conditions between a trailer rental company and renter, governed by federal and state transportation laws.
Trading Agreement
A legally binding contract governing trading relationships between parties under U.S. law, establishing terms for exchange of goods, services, or financial instruments.
Trademark License Agreement
A U.S.-governed agreement that grants permission to use trademarked intellectual property under specific terms and conditions.
Trade Contract
A U.S.-governed agreement establishing terms and conditions for the purchase and sale of goods between trading parties, subject to UCC and relevant trade laws.
Toll Manufacturing Agreement
A U.S.-governed agreement establishing terms for one company to manufacture products according to another company's specifications and intellectual property rights.
Terminated Contract
A U.S.-governed legal document that formally ends an existing contractual relationship between parties, outlining termination terms and remaining obligations.
Tender Agreement
A U.S.-governed document that establishes rules and procedures for competitive bidding processes and tender submissions.
Tenant Rental Agreement
A U.S. legal agreement between landlord and tenant establishing terms for residential property rental, governed by federal and state housing laws.
Tenant Lease Agreement
A US-governed legal agreement between landlord and tenant establishing terms for property rental, including rent, duration, and responsibilities.
Tenant Contract
A legally binding residential rental agreement governed by U.S. federal and state-specific landlord-tenant laws.
Tenant Agreement
A legally binding residential rental contract between landlord and tenant, governed by U.S. federal and state housing laws.
Tenancy In Common Agreement
A U.S. legal agreement that establishes rights, responsibilities, and ownership arrangements between co-owners of real property.
Temporary Lease Agreement
A U.S.-compliant legal agreement establishing terms for temporary rental of property between landlord and tenant.
Teaming Agreement
A U.S.-governed agreement establishing collaboration between organizations to pursue specific business opportunities, defining roles and responsibilities of all parties involved.
Syndicated Loan Agreement
A U.S.-governed agreement between multiple lenders and a borrower for providing syndicated financing, managed by an administrative agent.
Suretyship Agreement
A U.S. legal agreement where one party guarantees the obligations of another party to a third party, governed by federal and state suretyship laws.
Support Contract
A U.S.-governed agreement establishing terms and conditions for the provision of ongoing support services, including service levels, responsibilities, and remedies.
Support Agreement
A U.S.-governed contract defining terms and conditions for providing support services, including service levels, responsibilities, and fees.
Supplier Contract
A U.S.-governed agreement establishing terms and conditions between supplier and buyer for goods or services provision.
Supplier Agreement
A U.S.-governed contract establishing terms and conditions for the supply of goods or services between a supplier and buyer.
Supplemental Agreement
A U.S. legal document that modifies or adds to an existing contract while maintaining its core terms.
Subscription Contract
A U.S.-governed agreement establishing terms and conditions for recurring service provision between a service provider and subscriber.
Sublet Tenancy Agreement
A U.S. legal agreement between a primary tenant and subtenant for the temporary rental of leased property, subject to federal and state housing laws.
Sublease Rental Agreement
A U.S. legal agreement allowing a tenant to rent their leased property to another party, subject to federal and state housing laws.
Sublease Contract
A U.S. legal agreement allowing an existing tenant to lease their rented property to another party while maintaining the original lease agreement.
Sublease Agreement
A U.S. legal agreement allowing a tenant to rent their leased property to another party, subject to federal and state landlord-tenant laws.
Subcontractor Contract
A U.S.-governed agreement between a primary contractor and subcontractor defining work scope, terms, and obligations for project execution.
Subcontractor Agreement (Construction)
A U.S. construction industry agreement between general contractor and subcontractor defining work scope, terms, and legal obligations.
Software Maintenance Agreement
A U.S.-governed contract defining terms for ongoing software maintenance and support services between a provider and customer.
Software License Agreement
A U.S.-governed legal agreement that establishes terms and conditions for software usage, including license scope, restrictions, and obligations of both parties.
Software Licence Agreement
A U.S.-governed legal agreement defining terms and conditions for software usage, including rights, restrictions, and obligations of both licensor and licensee.
Software Development Contract
A U.S.-governed agreement defining terms and conditions for custom software development services, including scope, deliverables, and intellectual property rights.
Software Development Agreement
A U.S.-governed contract establishing terms and conditions for custom software development services, including scope, deliverables, and IP rights.
Software Contract Agreement
A U.S.-governed legal agreement defining terms and conditions for software licensing, implementation, and use between providers and customers.
Software As A Service Agreement
A U.S.-governed agreement establishing terms for the provision of cloud-based software services, including usage rights, security, and compliance requirements.
Software Agreement
A U.S.-governed legal agreement defining terms for software licensing, use, and distribution, including IP rights and compliance requirements.
Social Media Management Contract
A U.S.-governed agreement establishing terms between a social media management provider and client, covering service scope, deliverables, and compliance requirements.
Small Business Partnership Agreement
A U.S.-governed legal agreement establishing terms and conditions for a small business partnership between multiple parties.
Simple Tenancy Agreement
A basic legal agreement governing residential property rental in the United States between landlord and tenant.
Simple Sublease Agreement
A U.S. legal agreement that allows a tenant to rent their leased property to another party, subject to federal and state housing laws.
Simple Shareholders Agreement
A U.S.-governed legal agreement defining rights and obligations between company shareholders and establishing rules for share ownership and corporate governance.
Simple Room Rental Agreement
A legal agreement for renting a single room within a property in the United States, establishing key terms between landlord and tenant.
Simple Residential Lease Agreement
A legally binding contract for residential property rental in the United States, establishing basic terms between landlord and tenant.
Simple Residential Lease
A U.S. legal agreement establishing terms for residential property rental between landlord and tenant.
Simple Rental Lease Agreement
A legally binding U.S. contract establishing the basic terms and conditions for renting residential property from a landlord to a tenant.
Simple Rental Agreement
A basic legal agreement for residential property rental in the United States, establishing core terms between landlord and tenant.
Simple Real Estate Purchase Agreement Form
A standardized U.S. legal document outlining terms and conditions for buying and selling real estate property.
Simple Real Estate Purchase Agreement
A legally binding contract used in the United States that outlines the terms and conditions for the purchase and sale of real property.
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.
