This Deed of Dissolution made at ………………………. this ………….. day of ……………………. 19……… between a, son of …………………………….. resident of …………………………. and B, son of …………………… resident of ……………………… (hereinafter collectively called as “Continuing Partners”) of the ONE PART and C, son of ……………………. resident of …………………….. (hereinafter called as “Retiring Partner”) of the OTHER PART
Whereas The parties hereto were carrying on the business of carrying on …………….. under the name and style of M/s. ……………………. at ……………………… under the terms of a Deed of Partnership dated ……………………… made between them.
And Whereas the retiring partner has indicated his desire to retire from the partnership.
And Where as the partners have agreed to dissolve the said partnership in the manner hereinafter appearing.
NOW THIS DEED WITNESSETH AS FOLLOWS:
1. That the retiring partner shall retire from the partnership from the date of these presents, but the partnership between the continuing partners will continue on the terms of the said Deed of Partnership as modified by this deed. 2.
That the accounts of the assets and liabilities of the said partnership have been taken and a Balance Sheet of the same has been prepared and signed by the partners showing the net value of assets of the firm at Rs. ………………. after deducting the debts and liabilities thereof and the value of the share of retiring partner has been computed at Rs. ……………. and the continuing partners have paid the said sum of Rs. ……………. to the retiring partner vide D.D. No. …………… dated ……………… drawn on ………………. Bank …………………. ……………… Branch, …………………… (the receipt whereof the retiring partner hereby acknowledges)….
Note: This is just the part of the agreement. To get it drafted completely by legal experts, kindly contact the expert team of Aapka Consultant by clicking here
OUR SERVICES
Company Registration I Trademark I Copyright I Patent I GST I MSME
ISO Certification I Website/App Policy I Legal Documentation
Annual Compliance I Connect Consultant
Visit: Aapka Consultant to get Online Services of CA CS & Lawyers
