Fill and Sign the Dissolve Partnership Agreement Form

Short Form Agreement to Dissolve and Wind up Partnership Agreement made on the _________________ (date), between ____________________ (Name of Partner Alpha) of _____________________________________________________ _______________________________ (street address, city, state, zip code), referred to herein as Alpha, and ______________________ (Name of Partner Beta), of ______________ ____________________________________________________________________________ (street address, city, state, zip code), referred to herein as Beta. Whereas, Alpha and Beta (the Partners ) entered into a partnership with one another (the Partnership) pursuant to a written partnership agreement dated ___________________ (date) to carry on the business of (describe briefly) _______________________________________ ____________________________________________________________________________ ____________________________________________________________________________, with principal offices at _________________________________________________________ ______________________________ (street address, city, state, zip code) , under the name ________________________ (Name of Partnership); and Whereas, this Agreement is entered into by Partners to provide for the dissolution and orderly winding up of the Partnership business; Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Partners agree that the Partnership shall be and is dissolved on this date and shall be wound up as follows: 1. Alpha shall receive and retain all of the physical assets of the Partnership business, all accounts receivable, and the trade name and goodwill of the Partnership.2. Beta shall receive:A. $___________, consisting of $___________ in cash, the balance to be payable, at no interest, in ______ (number) consecutive monthly installments of $___________. The first of said installments shall be due and payable on _________________ (date), and each subsequent monthly installment shall be due and payable on the first day of each succeeding month thereafter until the entire amount is fully paid, except any remaining amount, if not sooner paid, shall be due and payable on _________________ (date); andB. A sum equal to _____% of the firm's working capital to be computed as follows: (description of computation) _____________________________________________ ______________________________________________________________________ ______________________________________________________________________.3. Alpha shall indemnify Beta against all of the debts, obligations, and liabilities of the Partnership existing as of the date of this Agreement. Witness our signatures as of the day and date first above stated. _________________________________________________ (Printed Name of Alpha) (Printed Name of Beta) ________________________ _________________________ (Signature of Alpha) (Signature of Beta)