Fill and Sign the Form of Agreement and Assignment of Partnership Interest

Assignment of Partnership Interest with Consent of Remaining PartnersPage 1 of 2 Assignment of Partnership Interest with Consent of Remaining Partners Agreement made on the day of , 20 , between of , referred (Name of Assignor)(Street Address, City, County, State, Zip Code) to herein as Assignor; and of , (Name of Assignee) (Street Address) , referred to herein as Assignee; (City, County, State, Zip Code) Whereas, Assignor is a partner in a firm known as , (Name of Partnership) established for the purpose of , by a Partnership (Description of purpose of partnership) Agreement dated (the Partnership ); and (Date) Whereas, Assignor desires to assign Assignor's interest in the Partnership for consideration; andWhereas, Assignee desires to obtain the interest for consideration;Now, therefore, for and in consideration of the matters described above, and of the mutual benefits and obligations set forth in this Agreement, the parties agree as follows:1. By this instrument, Assignor assigns all of Assignor's right, title, and interest in the Partnership, being a % share of the business, to Assignee for $ , payable as follows: . (Manner of Payment) 2. Assignor shall be relieved of any future liability for debts of the Partnership and shall no longer be entitled to any share of the Partnership profits or assets.3. Assignee shall be entitled to all future shares of the Partnership profits or any distribution of assets, and shall assume liability for a proportionate share of all future Partnership losses.WITNESS our signatures as of the day and date first above stated. By: By: (Signature of Assignor) (Signature of Assignee) (Printed Name of Assignor) (Printed Name of Assignee) Assignment of Partnership Interest with Consent of Remaining PartnersPage 2 of 2 and , (Name of Remaining Partner One) (Name of Remaining Partner Two) as the remaining partners in the Partnership, accept the assumption of a proportionate share of Partnership liabilities by Assignee and release Assignor from any additional liabilities. Assignee shall be entitled to participate in the management and control of the Partnership business, as specified in Section of the Partnership Agreement.WITNESS our signatures as of the day and date first above stated. By: By: (Signature of Remaining Partner One) (Signature of Remaining Partner Two) (Printed Name of Remaining Partner One) (Printed Name of Partner Two)