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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 legally terminate
5. Final Accounting: Process for conducting final partnership accounting and closing of books
6. Asset Distribution: Details of how partnership assets will be divided or liquidated
7. Liabilities and Debts: Allocation of responsibility for existing partnership liabilities and debts
8. Client and Contract Management: Handling of existing client relationships and ongoing contracts
9. Confidentiality: Ongoing obligations regarding partnership confidential information
10. Non-Competition and Non-Solicitation: Any restrictions on future business activities
11. Release and Indemnification: Mutual release of claims and indemnification provisions
12. Governing Law: Confirmation of South African law as governing law
13. Signature: Execution clauses and signature blocks
1. Employee Matters: Required if the partnership has employees - addresses transfer or termination of employment contracts
2. Intellectual Property Rights: Required if the partnership owns IP - addresses division or licensing of intellectual property
3. Insurance and Claims: Required if there are ongoing insurance policies or pending claims
4. Tax Provisions: Required for complex partnerships with significant tax implications
5. Dispute Resolution: Optional detailed dispute resolution mechanism for complex dissolutions
6. Business Name and Goodwill: Required if there are valuable trade names or goodwill to be allocated
7. Property Leases: Required if the partnership holds leases that need to be assigned or terminated
8. Ongoing Cooperation: Required for partnerships where post-termination cooperation is necessary
1. Schedule A - Asset Register: Detailed list of all partnership assets and their agreed values
2. Schedule B - Distribution Plan: Specific allocation of assets and responsibilities to each partner
3. Schedule C - Outstanding Liabilities: List of all partnership debts and payment responsibilities
4. Schedule D - Client List: List of clients and agreed allocation or handling
5. Schedule E - Employee List: List of employees and their status post-termination
6. Appendix 1 - Final Financial Statements: Last financial statements of the partnership
7. Appendix 2 - Tax Clearance Certificates: Relevant tax documentation for dissolution
8. Appendix 3 - Assignment Agreements: Templates or copies of assignments for contracts, leases, or other agreements
Professional Services
Retail
Manufacturing
Construction
Agriculture
Technology
Healthcare
Real Estate
Financial Services
Consulting
Legal Services
Hospitality
Transport and Logistics
Mining
Education
Legal
Finance
Compliance
Risk Management
Corporate Governance
Operations
Administration
Business Development
Human Resources
Tax
Business Owner
Managing Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Business Development Manager
Financial Manager
Partnership Manager
Risk Manager
Compliance Officer
Business Administrator
Operations Manager
Company Secretary
Managing Director
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