Partnership Termination Agreement Template for Austria

1. Intellectual Property Rights: Distribution and future usage rights of partnership IP, used when the partnership owns significant IP assets

2. Non-Compete Provisions: Restrictions on future competitive activities, included when partners agree to post-termination competition limitations

3. Employee Matters: Handling of employment relationships, required when the partnership has employees

4. Client Transition: Process for transitioning or allocating clients, important for service-based partnerships

5. Insurance Matters: Handling of insurance policies and claims, needed when significant insurance coverage exists

6. Tax Matters: Specific tax arrangements and obligations, included when complex tax implications exist

7. Dispute Resolution: Alternative dispute resolution procedures, optional when partners want to specify mediation or arbitration

1. Schedule A - Asset Inventory: Detailed list of all partnership assets and their agreed distribution

2. Schedule B - Financial Statement: Final balance sheet and profit/loss statement of the partnership

3. Schedule C - Liability Register: List of all known liabilities and their allocation

4. Schedule D - Client List: Distribution of clients between partners (if applicable)

5. Schedule E - Settlement Calculations: Detailed calculations of final settlements between partners

6. Appendix 1 - Required Notices: Templates for required notices to authorities, clients, or other stakeholders

7. Appendix 2 - Handover Protocol: Procedure and checklist for physical handover of assets and documents