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1. Parties: Identification of all partners involved in the termination agreement
2. Background: Brief history of the partnership, reference to original partnership agreement, and reasons for termination
3. Definitions: Definitions of key terms used throughout the agreement
4. Effective Date of Termination: Specific date when the partnership will officially terminate
5. Dissolution Process: Step-by-step process for winding up the partnership
6. Final Accounts: Agreement on final partnership accounts and financial statements
7. Asset Distribution: Process and principles for distributing partnership assets
8. Liabilities and Debts: Allocation of partnership liabilities and outstanding debts
9. Mutual Release: Partners' mutual release from future claims related to the partnership
10. Confidentiality: Ongoing obligations regarding confidential information
11. Post-Termination Obligations: Continuing obligations of partners after termination
12. Governing Law: Specification of Hong Kong law as governing law
13. Execution: Signature blocks and execution details
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
Professional Services
Legal Services
Accounting & Financial Services
Management Consulting
Real Estate
Architecture
Engineering
Medical Practices
Retail
Food & Beverage
Technology Services
Creative Industries
Trading & Distribution
Construction
Legal
Finance
Compliance
Risk Management
Operations
Business Development
Corporate Secretarial
Senior Management
Accounting
Administrative
Managing Partner
Senior Partner
Legal Counsel
Chief Financial Officer
Financial Controller
Business Development Director
Operations Director
Company Secretary
Risk Manager
Compliance Officer
Partnership Manager
Account Director
Business Owner
Managing Director
Chief Executive Officer
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