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    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 legal form template is available in MS Word format and is fully editable to meet your specific needs.
    • Intended for use only in the Province of Alberta, Canada.
    Download Type: Microsoft Word
    Last Updated: 18-June-2021
    SKU: 513
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    Bill of Sale for Limited Partnership Units | Canada


    Transfer ownership of units in a limited partnership in Canada with this template Bill of Sale for Limited Partnership Units.

    • Under the Bill of Sale, the seller transfers the units to the buyer free and clear of any encumbrances, liens or rights of third parties to acquire an ownership interest.
    • The buyer and seller agree to exchange mutual releases with respect to the purchase and sale of the units.
    • The seller also releases the Limited Partnership from any claims.
    This Canada Bill of Sale for Limited Partnership Units form is available as a fully editable MS Word download.