Partner Separation Agreement Template for Saudi Arabia

1. Intellectual Property Rights: Division of intellectual property rights when the partnership owns significant IP assets

2. Employee Matters: Provisions regarding the transfer or retention of employees when the partnership has staff

3. Ongoing Projects: Handling of incomplete projects and their transition when there are active projects during separation

4. Property Leases: Transfer or termination of property leases when the partnership holds lease agreements

5. Insurance Matters: Provisions regarding insurance policies and claims when there are significant insurance considerations

6. Tax Matters: Specific tax and zakat considerations when complex tax implications exist

7. Foreign Investment Provisions: Additional provisions when one or more partners are foreign investors

8. Marketing and Public Relations: Guidelines for announcing the separation when public relations impact is significant

1. Schedule 1 - Asset Register: Detailed inventory of all partnership assets and their agreed distribution

2. Schedule 2 - Financial Statement: Current financial position of the partnership including balance sheet and profit/loss statement

3. Schedule 3 - Client List: Complete list of clients and their agreed allocation between partners

4. Schedule 4 - Outstanding Liabilities: List of all debts, loans, and liabilities with allocation details

5. Schedule 5 - Payment Schedule: Detailed schedule of any payments to be made between partners

6. Appendix A - Property Documentation: Copies of property titles, leases, or transfer documents

7. Appendix B - Corporate Documents: Relevant corporate registrations and licenses requiring amendment

8. Appendix C - Valuation Reports: Independent valuations of business assets or shares