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1. Parties: Identification of all current partners and the partnership entity
2. Background: Context of the partnership and reasons for partner exit
3. Definitions: Definitions of key terms used throughout the agreement
4. Effective Date: Specification of when the exit becomes effective
5. Partnership Interest Valuation: Agreed method and value of departing partner's interest
6. Payment Terms: Details of how and when the departing partner will be paid
7. Release of Liabilities: Mutual release of future liabilities between parties
8. Continuing Obligations: Ongoing responsibilities of the departing partner
9. Confidentiality: Obligations regarding partnership confidential information
10. Return of Property: Process for returning partnership property and documents
11. Public Announcements: Agreement on how the exit will be communicated
12. Governing Law: Confirmation of Pakistani law governance and jurisdiction
13. Dispute Resolution: Process for handling any disputes arising from the agreement
14. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Intellectual Property Rights: Required if the departing partner was involved in creating IP or holds rights to partnership IP
2. Non-Compete Provisions: Include if restricting the departing partner's future business activities
3. Employee Matters: Needed if the departing partner has specific relationships with employees or staff
4. Client Transition: Include if the departing partner has specific client relationships that need managing
5. International Considerations: Required if the partnership has international operations or cross-border implications
6. Tax Indemnities: Include specific tax-related provisions if complex tax implications exist
7. Outstanding Loans: Required if there are any loans or advances between the partner and partnership
8. Insurance Matters: Include if there are specific insurance policies or claims to address
1. Schedule 1 - Financial Settlement: Detailed breakdown of the financial settlement calculation
2. Schedule 2 - Asset Register: List of partnership assets and their agreed disposition
3. Schedule 3 - Client List: List of clients and agreed arrangements post-exit
4. Schedule 4 - Payment Schedule: Detailed payment terms and installment schedule if applicable
5. Schedule 5 - Outstanding Matters: List of ongoing matters requiring attention post-exit
6. Appendix A - Resignation Letters: Forms and notices required for formal resignation
7. Appendix B - Public Announcement: Agreed form of any public or client communications
8. Appendix C - Handover Checklist: Detailed list of items and tasks for business handover
Partnership
Partnership Deed
Departing Partner
Remaining Partners
Partnership Interest
Effective Date
Completion Date
Exit Payment
Partnership Assets
Partnership Property
Capital Account
Distribution Amount
Valuation Date
Valuation Report
Confidential Information
Business Day
Encumbrance
Intellectual Property Rights
Outstanding Liabilities
Completion Obligations
Due Diligence
Material Adverse Change
Profits
Losses
Client Relationships
Working Capital
Books of Account
Goodwill
Related Party
Completion Statement
Exit Documents
Notice
Partnership Act
Regulatory Authority
Settlement Amount
Tax Liability
Transfer
Warranties
Claims
Resignation and Withdrawal
Financial Settlement
Payment Terms
Asset Distribution
Release of Liabilities
Continuing Obligations
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property Rights
Client Transition
Employee Matters
Tax Matters
Indemnification
Dispute Resolution
Public Announcements
Return of Property
Partnership Name Usage
Post-Exit Obligations
Warranties and Representations
Notices
Severability
Entire Agreement
Governing Law
Force Majeure
Amendment
Assignment
Costs and Expenses
Further Assurance
Legal Services
Professional Services
Accounting & Audit
Management Consulting
Architecture
Engineering
Medical Practices
Real Estate
Information Technology
Trading & Distribution
Manufacturing
Construction
Retail
Food & Beverage
Agricultural Business
Legal
Finance
Compliance
Risk Management
Operations
Administration
Business Development
Corporate Secretarial
Human Resources
Partnership Management
Managing Partner
Senior Partner
Partner
Legal Counsel
Chief Financial Officer
Financial Controller
Company Secretary
Risk Manager
Compliance Officer
Business Development Manager
Partnership Administrator
Account Manager
Operations Director
Managing Director
Chief Executive Officer
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