Partnership Separation Agreement Template for Saudi Arabia

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

2. Ongoing Projects: Handling of incomplete projects and work in progress at time of separation

3. Employee Arrangements: Transfer or retention of employees if the partnership has staff

4. Tax Provisions: Specific tax and Zakat arrangements if complex tax implications exist

5. Insurance and Indemnification: Special insurance arrangements and indemnification provisions for specific risks

6. Transition Services: Temporary services provided between partners during separation period

7. Brand and Name Usage: Rights to use partnership name and branding post-separation

8. Real Estate: Specific provisions for handling real estate assets if applicable

1. Schedule 1 - Asset Register: Comprehensive list of all partnership assets and their agreed distribution

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

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

4. Schedule 4 - Outstanding Liabilities: Detail of all debts, obligations, and their allocation

5. Schedule 5 - Intellectual Property Register: List of all IP rights and their agreed distribution

6. Schedule 6 - Ongoing Contracts: List of active contracts and their handling post-separation

7. Appendix A - Calculation Method: Detailed methodology for calculating final settlements

8. Appendix B - Timeline: Implementation timeline for separation activities