Business Partnership Separation Agreement for New Zealand
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Business Partnership Separation Agreement
"I need a Business Partnership Separation Agreement for my architectural firm where my partner and I have agreed to an equal 50-50 split of all assets and clients, with the separation to take effect from March 1, 2025."
Your data doesn't train Genie's AI
You keep IP ownership of your information
1. Parties: Identification of all partners and their current contact details
2. Background: History of the partnership, reason for separation, and current status
3. Definitions: Definitions of key terms used throughout the agreement
4. Effective Date: The date when the separation becomes effective
5. Partnership Dissolution: Formal declaration of partnership dissolution and process
6. Asset Division: Agreement on how partnership assets will be divided
7. Liability Allocation: Distribution of existing liabilities and debts
8. Financial Settlement: Details of any financial settlements between partners
9. Client and Contract Management: Handling of existing clients and contracts
10. Confidentiality: Ongoing obligations regarding confidential information
11. Non-Compete and Restraint of Trade: Terms of any competition restrictions
12. Mutual Release: Partners' mutual release from future claims
13. Dispute Resolution: Process for resolving any future disputes
14. Governing Law: Confirmation of New Zealand law application
15. Execution: Signature blocks and execution requirements
1. Intellectual Property Rights: Division and future use of intellectual property - include when IP assets exist
2. Employee Management: Handling of employees and employment contracts - include when partnership has employees
3. Property Lease Arrangements: Transfer or termination of property leases - include when leased premises are involved
4. Outstanding Projects: Completion responsibility for ongoing projects - include when there are incomplete projects
5. Insurance Matters: Handling of insurance policies and claims - include when significant insurance policies exist
6. Tax Arrangements: Special tax considerations and obligations - include when complex tax matters exist
7. Brand and Marketing: Use of business name, logos, and marketing materials - include when significant brand assets exist
8. Professional Licenses: Transfer or handling of professional licenses - include for regulated professions
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 - Client List: List of clients and agreed allocation between partners
4. Schedule 4 - Financial Statements: Final partnership financial statements and reconciliation
5. Schedule 5 - Settlement Payments: Details of any financial settlements including payment terms
6. Appendix A - Valuation Reports: Independent valuations of partnership assets
7. Appendix B - Legal Compliance Certificates: Relevant compliance and regulatory certificates
8. Appendix C - Transfer Documents: Templates or copies of asset transfer documents
Authors
Assets
Business
Business Day
Commencement Date
Completion Date
Confidential Information
Effective Date
Encumbrance
Existing Clients
Financial Statements
Goodwill
Intellectual Property
Liabilities
Material Contracts
Net Asset Value
Outstanding Debts
Partners
Partnership
Partnership Account
Partnership Assets
Partnership Interest
Partnership Property
Proprietary Information
Records
Separation Date
Settlement Amount
Settlement Date
Termination Date
Trade Secrets
Transfer Documents
Valuation Date
Working Capital
Work in Progress
Definitions
Partnership Dissolution
Asset Division
Liability Allocation
Financial Settlement
Client Distribution
Intellectual Property Rights
Confidentiality
Non-Compete
Non-Solicitation
Mutual Release
Indemnification
Employee Matters
Outstanding Projects
Bank Accounts
Business Name Usage
Records and Documentation
Tax Matters
Insurance
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Notices
Force Majeure
Further Assurance
Costs
Assignment
Third Party Rights
Waiver
Counterparts
Professional Services
Retail
Construction
Healthcare
Hospitality
Agriculture
Technology
Manufacturing
Real Estate
Consulting
Legal Services
Accounting Services
Creative Industries
Engineering
Legal
Finance
Operations
Administration
Compliance
Risk Management
Business Development
Commercial
Corporate Secretariat
Executive Leadership
Business Owner
Managing Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Business Development Manager
Operations Manager
Account Manager
Partnership Manager
Finance Director
Commercial Director
Business Administrator
Company Secretary
Risk Manager
Compliance Officer
Find the exact document you need
Business Partnership Separation Agreement
A New Zealand law-governed agreement that formally documents the dissolution of a business partnership and sets out the terms for separation between partners.
Partner Dissolution Agreement
A New Zealand-governed agreement that formalizes the dissolution of a business partnership, outlining asset distribution, liabilities, and post-dissolution obligations.
Joint Venture Dissolution Agreement
A New Zealand law-governed agreement that formally terminates a joint venture and sets out terms for asset distribution, liability settlement, and mutual releases between parties.
Contract Dissolution Agreement
A New Zealand law-compliant agreement that formally terminates an existing contract between parties, settling all obligations and providing mutual releases.
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