Partnership Exit Agreement (Alberta)
Facilitate the exit of a partner and deal with their partnership interest with this Exit Agreement for limited partnerships formed in the Province of Alberta. Provisions of the Agreement include:
This is a Canadian legal document in MS Word format, and is fully editable to meet your specific needs.
- The exiting partner's interest will be purchased by the general partner and the partnership.
- Upon the sale of the interest, the exiting partner is relieved of its rights and obligations under the Partnership Agreement.
- The purchasers will use their best efforts to obtain a release of any guarantees of the partnership's debts given by the exiting partner, and if they fail to do so, will indemnify the exiting partner with respect to the same.
This is a Canadian legal document in MS Word format, and is fully editable to meet your specific needs.





