Alberta Partnership Exit Agreement

Facilitate the exit of a partner and deal with their partnership interest with this Partnership Exit Agreement for an Alberta limited partnership.

• The exiting partner's interest will be purchased by the general partner and the partnership.
• Once the sale of its interest is complete, the exiting partner is relieved of its rights and obligations under the Partnership Agreement.
• The purchasers will use best efforts to obtain a release of any guarantees of the partnership's debts given by the exiting partner and will indemnify the exiting partner against any claims or damages.

This Alberta Partnership Exit Agreement is available in MS Word format, and is fully editable to meet your specific needs.