Alberta General Partnership Agreement

Wind up a general partnership in the Province of Alberta with this Partnership Dissolution Agreement.

• One partner buys out the interest of the other partner and assumes the partnership's debts and obligations.
• The remaining partner then continues to carry on the business of the partnership as a sole proprietorship.
• This is a fully editable template which can be easily customized to fit your circumstances.
• Intended to be used only in the Province of Alberta, Canada.

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.

Are you selling your interest in a business partnership, or buying out a partner's interest? This Guide to Partnership Buyouts can assist you in structuring the transaction.

• why business partners fight,
• the role partnership agreements play,
• how to avoid disputes when the partnership terminates or a partner leaves,
• a comprehensive checklist for buying out a partner.

If you're a partner, you need to get a copy of the Guide to Partnership Buyouts.