Ontario Partnership Dissolution Agreement

Wind up an Ontario general partnership with this Partnership Dissolution Agreement.

  • The remaining partner buys out the interest of the resigning partner and assumes the partnership debts and obligations, in order to continue carrying on business.
  • The partners will post an advertisement in The Ontario Gazette to notify interested parties of the dissolution.
  • This legal template is provided in MS Word format and is fully editable to fit your particular circumstances.
  • Intended for use only in the Province of Ontario, Canada.
Document Type: Microsoft Word
Last Updated: 27-January-2022
SKU: 7846
$6.29
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Picture of Ontario Partnership Agreement

Ontario Partnership Agreement

Set up a general partnership in Ontario with this downloadable Partnership Agreement template.

  • The Partnership Agreement contains provisions for:
    • Admission of new partners.
    • Allocation of profits and losses, and income and losses for income tax purposes, among the partners in proportion to their respective interests.
    • If partnership earnings are not sufficient to pay its debts and liabilities, the partners will make up the difference in proportion to their respective interests.
    • If any partner is required to pay more than its share due to default on the part of another partner, the first partner will have a lien and charge against the income account of the defaulting partner.
    • Management of the business of the partnership by a managing committee.
    • Withdrawal of a partner.
  • Available in MS Word format.
  • Intended for use only in the Province of Ontario, Canada.
$29.99
Picture of Ontario Partnership Agreement with Special Unit Provisions

Ontario Partnership Agreement with Special Unit Provisions

Prepare a Partnership Agreement for an Ontario partnership with this template, which provides for a special partnership unit to be issued for assets vended in.

  • Ordinary partnership units are issued to the partners in accordance with their financial contributions, and a special unit is issued to one partner which has vended in certain assets to be used by the partnership business.
  • The holder of the special unit will be allocated profits (or losses) in addition to those allocated among the ordinary units.
  • Partnership units of a withdrawing partner will be distributed among the remaining partners pro rata their holdings, except for the special unit, which will be redeemed in exchange for a promissory note.
  • This legal contract template is available as a fully editable and customizable MS Word document.
  • Intended for use only in the Province of Ontario, Canada.
$29.99