Alberta Partnership Dissolution Agreement
Wind up a general partnership in the Province of Alberta with this Partnership Dissolution Agreement.
- One partner buys out the interest of the other partner and assumes the partnership's debts and obligations.
- The remaining partner then continues to carry on the business of the partnership as a sole proprietorship.
- This is a fully editable template which can be easily customized to fit your circumstances.
Download the Alberta Partnership Dissolution Agreement for signature by you and your partners.
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Alberta Partnership Exit Agreement
Facilitate the exit of a partner and deal with their partnership interest with this Partnership Exit Agreement for an Alberta limited partnership.
- The exiting partner's interest will be purchased by the general partner and the partnership.
- Once the sale of its interest is complete, the exiting partner is relieved of its rights and obligations under the Partnership Agreement.
- The purchasers will use best efforts to obtain a release of any guarantees of the partnership's debts given by the exiting partner and will indemnify the exiting partner against any claims or damages.
- This legal form template is available in MS Word format and is fully editable to meet your specific needs.
- Intended for use only in the Province of Alberta, Canada.
