Fill and Sign the Interest Partner Form

Assignment of Partnership Interest Assignment made on the ___ day of __________, 20___, between ____________ of ___________________________________ (street address, city, county, state, zip code) , referred to herein as Assignor, and _______________________ , of _____________________________________ (street address, city, county, state, zip code) , referred to herein as Assignee. Whereas, Assignor is a partner in a firm known as _______________ , established for the purpose of owning and operating furniture stores, by a Partnership Agreement dated _____________ (date) (the Partnership ) ; and Whereas, Assignor desires to assign Assignor's interest in the Partnership for the sum of $________________, and other good and valuable consideration; and Whereas, Assignee desires to obtain the interest for the sum of $______________, and other good and valuable consideration; Now, therefore, for and in consideration of the sum set forth above, and the covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Assignor, by this instrument, assigns all of Assignor's right, title, and interests in the Partnership, being a _____% share of the business, to Assignee. 2. Assignor shall be relieved of any future liability for Partnership debts 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, in accordance with said Partnership Agreement and shall assume liability for a proportionate share of all future partnership losses in accordance with said Partnership Agreement. WITNESS our signatures as of the day and date first above stated. ________________________ _______________________ ___________, Assignor ____________, Assignee On this the ___ day of _________, 20___, ___________ ( Name) and ___________ ( Name) , as the remaining partners in the Partnership, do hereby consent and agree to this Assignment and acknowledge that Assignee shall be entitled to participate in the management and control of the Partnership in accordance with said Partnership Agreement. ________________________ _______________________ Partner Partner