When the time comes, almost inevitably, when the partners wish to discontinue the partnership, in order to effect the termination amicably, it is important to carefully review and consider all aspects of the impending action. The partners should draft a Termination of Partnership Agreement designed to cover each and every aspect of the termination of the partnership and dissolution of the business. In order to avoid future issues and problems, this should be done to each partner’s total satisfaction you may use as an outline to prepare your own customized agreement.
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