1. Intellectual Property Rights: Specific arrangements for IP ownership and licenses when IP is a significant partnership asset

2. Client Transition: Detailed provisions for transitioning client relationships when the exiting partner had significant client contact

3. Earn-Out Provisions: Terms for additional payments based on future performance, used when immediate valuation is difficult

4. Outstanding Projects: Arrangements for completing ongoing projects or matters handled by the exiting partner

5. Professional Insurance: Specific provisions for maintaining professional indemnity insurance, particularly relevant for professional services firms

6. Tax Adjustments: Special tax provisions when complex tax implications exist

7. Partnership Name: Provisions regarding the use of the exiting partner's name if it forms part of the firm's name

1. Schedule 1 - Calculation of Partnership Interest: Detailed methodology and figures for calculating the exit payment

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment amounts and dates

3. Schedule 3 - Client List: List of clients and agreed arrangements for their transition

4. Schedule 4 - Partnership Assets: Inventory of partnership assets and their agreed treatment

5. Schedule 5 - Outstanding Liabilities: List of partnership liabilities and their allocation

6. Appendix A - Financial Statements: Relevant financial statements used for valuation

7. Appendix B - Handover Checklist: Detailed list of tasks and items for the exit transition