[{"data":1,"prerenderedAt":469},["ShallowReactive",2],{"document-notice-of-withdrawal-from-partnership-D12668":3},{"document":4,"label":21,"preview":11,"thumb":22,"thumb600":23,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":24,"breadcrumb":28,"related":34,"customDescModule":175,"customdescription":6,"mdFm":176,"mdProseHtml":468},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":20},"Notice of Withdrawal from Partnership To: The Partners of [NAME OF PARTNERSHIP] (the \"Remaining Partners\") From: [ NAME OF WITHDRAWING PARTNER] (the \"Withdrawing Partners\") Date: Notice is hereby given that, effective as of WITHDRAWING DATE], I [ NAME OF WITHDRAWING PARTNER], will voluntarily withdraw from [NAME OF PARTNERSHIP], established on [DATE OF PARTNERSHIP].",null,"Notice Of Withdrawal From Partnership","1",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/notice-of-withdrawal-from-partnership-D12668.png","https://templates.business-in-a-box.com/imgs/250px/12668.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12668.xml",{"title":15,"description":6},"notice of withdrawal from partnership",[17],{"label":18,"url":19},"Legal Agreements","/templates/business-legal-agreements/","notice withdrawal from partnership","Notice Of Withdrawal From Partnership Template","https://templates.business-in-a-box.com/imgs/400px/12668.png","https://templates.business-in-a-box.com/imgs/600px/12668.png",[25,17],{"label":26,"url":27},"Templates","/templates/",[29,30,31],{"label":26,"url":27},{"label":18,"url":19},{"label":32,"url":33},"Partnerships & Joint Ventures","/templates/partnerships-and-joint-ventures/",[35,39,43,47,51,55,59,63,67,71,75,79,83,98,115,129,143,158],{"label":36,"url":37,"thumb":38,"extension":10},"Non-Profit Partnership 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Interests","/template/notice-of-intent-to-exercise-option-s-to-acquire-partnership-interests-D5164","https://templates.business-in-a-box.com/imgs/250px/5164.png",{"label":60,"url":61,"thumb":62,"extension":10},"Employee Handbook For Employees Working From Home","/template/employee-handbook-for-employees-working-from-home-D12736","https://templates.business-in-a-box.com/imgs/250px/12736.png",{"label":64,"url":65,"thumb":66,"extension":10},"MOU Strategic Partnership Agreement","/template/mou-strategic-partnership-agreement-D12872","https://templates.business-in-a-box.com/imgs/250px/12872.png",{"label":68,"url":69,"thumb":70,"extension":10},"Withdrawal of Credit on Past Due Account","/template/withdrawal-of-credit-on-past-due-account-D279","https://templates.business-in-a-box.com/imgs/250px/279.png",{"label":72,"url":73,"thumb":74,"extension":10},"Active Real Estate Partnership Agreement","/template/active-real-estate-partnership-agreement-D13216","https://templates.business-in-a-box.com/imgs/250px/13216.png",{"label":76,"url":77,"thumb":78,"extension":10},"Passive Real Estate Partnership Agreement","/template/passive-real-estate-partnership-agreement-D13232","https://templates.business-in-a-box.com/imgs/250px/13232.png",{"label":80,"url":81,"thumb":82,"extension":10},"Soliciting Testimonials from Clients","/template/soliciting-testimonials-from-clients-D1445","https://templates.business-in-a-box.com/imgs/250px/1445.png",{"description":84,"descriptionCustom":6,"label":85,"pages":86,"size":87,"extension":10,"preview":88,"thumb":89,"svgFrame":90,"seoMetadata":91,"parents":92,"keywords":96,"url":97},"PARTNERSHIP DISSOLUTION AGREEMENT This Partnership Dissolution Agreement (the \"Agreement\") is made and effective this [Date], BETWEEN: [YOUR COMPANY NAME] (the \"Selling Partner\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [PURCHASING PARTNER NAME] (the \"Purchasing Partner\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS The parties are partners in the firm named [name], of [address], [city], [state], established for the purpose of [specify], under an agreement dated [date]. Pursuant to the terms of the partnership agreement, a buy or sell notice was given by Selling Partner to Purchasing Partner. The Purchasing Partner has exercised its option to purchase the interest of Selling Partner in and to the partnership business. In consideration of the matters described above, and of the mutual benefits and obligations set forth in this agreement, the parties agree as follows: SALE OF INTEREST; PURCHASE PRICE Selling Partner shall sell its [%] interest in the partnership business, including its [%] interest in all of the furniture, equipment, and furnishings of the business, stock of merchandise, accounts receivable, moneys, and all of [Selling Partner name's] right, title, and interest in and to any and all of the assets of the partnership, to Purchasing Partner for [amount], to be paid in [number] equal monthly installments, due on the [specify] day of each month, commencing on [date]. ASSUMPTION OF OBLIGATIONS The Purchasing Partner shall and do assume and agrees to pay all of the outstanding debts and obligations of the partnership business and to perform all of the covenants of the leases on the premises, and to perform all of the outstanding contracts and agreements required to be performed by the partnership and agrees to save and hold harmless Selling Partner against any claim or claims that may arise by reason of such debts, obligations, or covenants, or any other claims except those specifically mentioned in this agreement. INDEMNIFICATION","Partnership Dissolution Agreement","2",37,"https://templates.business-in-a-box.com/imgs/1000px/partnership-dissolution-agreement-D901.png","https://templates.business-in-a-box.com/imgs/250px/901.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#901.xml",{"title":6,"description":6},[93,95],{"label":18,"url":94},"business-legal-agreements",{"label":18,"url":94},"partnership dissolution agreement","/template/partnership-dissolution-agreement-D901",{"description":99,"descriptionCustom":6,"label":100,"pages":8,"size":9,"extension":10,"preview":101,"thumb":102,"svgFrame":103,"seoMetadata":104,"parents":106,"keywords":113,"url":114},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: Letter of Resignation Dear [Contact name], This is to inform you that an opportunity has presented itself that will enable me to work in the area of my stated preference, which is [Designate]. I believe the reasons leading to this decision are known by you and I will therefore leave them unsaid at this time OR As much as I enjoyed working with you, I cannot let this opportunity pass me by. I am therefore tendering my resignation and wish to advise you that [Date] will be my last day of employment. I will of course assist you in any way possible in training my replacement and ensuring all impending matters are passed on to the appropriate people. I would like to thank you for the experience of having worked for [YOUR COMPANY NAME], a truly outstanding organization, and offer my best wishes for your continued success. Best wishes, [YOUR NAME] [YOUR TITLE] [YOUR PHONE NUMBER] [YOUREMAIL@YOURCOMPANY.COM] [IF SENT BY EMAIL YOU MAY INCLUDE THIS NOTICE]","Letter of Resignation","https://templates.business-in-a-box.com/imgs/1000px/letter-of-resignation-D512.png","https://templates.business-in-a-box.com/imgs/250px/512.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#512.xml",{"title":105,"description":6},"letter of resignation",[107,110],{"label":108,"url":109},"Human Resources","human-resources",{"label":111,"url":112},"Employee Termination","employee-termination","letter resignation","/template/letter-of-resignation-D512",{"description":116,"descriptionCustom":6,"label":117,"pages":118,"size":119,"extension":10,"preview":120,"thumb":121,"svgFrame":122,"seoMetadata":123,"parents":124,"keywords":127,"url":128},"LIMITED PARTNERSHIP AGREEMENT OF [PARTNERSHIP NAME] THE SECURITIES REPRESENTED BY THIS INSTRUMENT OR DOCUMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE [SECURITIES ACT OF 1933 OR OTHER ACT], AS AMENDED. WITHOUT SUCH REGISTRATION, SUCH SECURITIES MAY NOT BE SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED AT ANY TIME WHATSOEVER, EXCEPT UPON DELIVERY TO THE PARTNERSHIP OF AN OPINION OF COUNSEL SATISFACTORY TO THE GENERAL PARTNERS OF THE PARTNERSHIP THAT REGISTRATION IS NOT REQUIRED FOR SUCH TRANSFER OR UPON THE SUBMISSION TO THE GENERAL PARTNERS OF THE PARTNERSHIP OF SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY TO THE GENERAL PARTNERS TO THE EFFECT THAT ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE [SECURITIES ACT OF 1933 OR OTHER ACT], AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS OR ANY RULE OR REGULATION PROMULGATED THEREUNDER. This document evidences the following agreement and certificate of limited partnership entered into and to be effective on the date it is filed with the Secretary of State in [STATE], by and between [NAME], as general partner (\"General Partner\") and each of the individuals whose names are set forth on Exhibit \"A\" attached to this Agreement as limited partners (\"Limited Partners\"). 1. FORMATION 1.1 The parties hereby form a Limited Partnership (Partnership) under and pursuant to the [STATE/PROVINCE OR COUNTRY] Revised Limited Partnership Act, [Article of [code] of the [State/Province] of [STATE/PROVINCE]. 1.2 This Certificate of Limited Partnership shall be filed with the Secretary of [State/Province] of [STATE/PROVINCE], and thereafter the partners shall execute and cause to be filed and otherwise published such original or amended certificates evidencing the formation and operation of this Limited Partnership as may be required under the laws of the [State/Province] of [STATE/PROVINCE] and of any other states where the Partnership shall determine to do business. 1.3 The General Partner is hereby authorized and empowered by all the Limited Partners to prepare, file, and publish either the original or any amended or modified Certificates of Limited Partnership as may be necessary or desirable and each Limited Partner specifically designates and appoints the General Partner, for and on his or her behalf, as his or her attorney for the exclusive purposes of signing and attesting to such original or amended Certificates of Limited Partnership. 1.4 The purpose of the Partnership shall be as follows: to buy, manage and sell, as appropriate, all real property, including improvements and personal property located thereon, known as the [name or description of property], more particularly described in Exhibit \"B.\" [Add, if appropriate] Further, the Partnership shall engage in the [alteration and repair of the improvement, and personal property located in the subject real property.] 2. NAMES AND PLACE OF BUSINESS 2.1 The name of the Limited Partnership shall be [NAME]. 2.2 The business of the Partnership shall be conducted under that name and under such variations of the name as may be necessary to comply with the laws of other [States/Provinces] within which the Partnership may do business or make investments. 2.3 The General Partner shall promptly execute and duly file, with the proper offices in each state in which the Partnership may conduct the activities authorized in this Agreement, one or more certificates as required by the Fictitious Name or Assumed Name Act or similar statute in effect as to each such state in which such activities are so conducted. 2.4 The principal place of business shall be located at [address] and additional places of business may be located elsewhere. 2.5. The name and address of the General Partner of the Partnership are: [Name] [Address] 2.6 There are no other General Partners of this Partnership and no other person or entity has any right to take part in the active management of the business affairs of the Partnership. 2.7 The names and addresses or places of residence of the Limited Partners of this Partnership are set forth in Exhibit \"A\" attached to this Agreement and by this reference made a part of this agreement. There are no other Limited Partners to the Partnership other than those listed in the attached Exhibit \"A.\" 3. TERM OF PARTNERSHIP 3.1 The Partnership shall commence as of the date of this Agreement and shall continue in existence until [YEAR], unless it is sooner terminated, liquidated, or dissolved as provided below. 4. CONTRIBUTIONS OF CAPITAL 4.1 The capital to be contributed initially to the Partnership by the General Partner and all the Limited Partners shall be cash. 4.2 The initial capital to be contributed by each Partner, General and Limited, shall be the sum set opposite his or her name in the attached Exhibit \"A.\" 4.3 Each partner shall be personally liable to the Partnership for the full amount of his or her initial capital contribution. 4.4 The Limited Partners shall be required to make additional capital contributions to the Partnership, on written request by the General Partner, the Partner's pro rata share (the ownership percentage set opposite the name of each Limited and General Partner in Exhibit \"A\") of all costs, expenses, or charges with respect to the operation of the Partnership. [add, if appropriate] and the ownership operation, maintenance, and upkeep of any Partnership property including but not limited to ad valorem taxes, debt amortization (including interest payments), insurance premiums, repairs, professional fees, wages, and utility costs] to the extent such costs, expenses, or charges exceed the income, if any, derived from the Partnership and the proceeds of any loans made to the Partnership. a. If any Partner fails or refuses to contribute the entire amount of the initial capital called for and/or the additional capital as called for, the General Partner shall be authorized to declare forfeited Partner's capital account and ownership interest as liquidated damages for the failure. 5. PROFITS AND LOSSES 5.1 The amount of net profits and net losses of the Partnership to be allocated to and charged against each Partner shall be determined by the percentage set opposite his or her name in Exhibit \"A.\" 5.2 The term \"profits\" is hereby defined to mean income or gain of whatsoever kind actually incurred by the Partnership or which, because of generally accepted accounting procedures, must be deemed to have been incurred by the Partnership. 5.3 The term \"losses\" is hereby defined to mean any deduction, expenditure, or charge actually incurred by the Partnership or which, because of generally accepted accounting procedures, must be deemed to have been incurred by the Partnership. 5.4 Cash, when available, may be distributed by the General Partner to all Partners in the same ratio as profits and losses are shared. a. Cash distributions from the Partnership may be made by the General Partner to all Partners without regard to the profits or losses of the Partnership from operations; provided, that no cash distributions shall be made that will impair the ability of the Partnership to pay its just debts as they mature. b. The General Partner shall determine when, if ever, cash distributions shall be made to the Partners, pursuant to the provisions and the tenor of this Agreement. c. There shall be no obligation to return to the General Partner or the Limited Partners, or to any one of them, any part of their capital contributed to the Partnership, for so long as the Partnership continues in existence. d. No General or Limited Partner shall be entitled to any priority or preference over any other Partner as to cash distributions. e. No interest shall be paid to any Partner on the initial contributions to the capital of the Partnership or on any subsequent contributions of capital. 6. OWNERSHIP OF PARTNERSHIP PROPERTY 6","Limited Partnership Agreement","13",80,"https://templates.business-in-a-box.com/imgs/1000px/limited-partnership-agreement-D891.png","https://templates.business-in-a-box.com/imgs/250px/891.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#891.xml",{"title":6,"description":6},[125,126],{"label":18,"url":94},{"label":18,"url":94},"limited partnership agreement","/template/limited-partnership-agreement-D891",{"description":130,"descriptionCustom":6,"label":131,"pages":132,"size":133,"extension":10,"preview":134,"thumb":135,"svgFrame":136,"seoMetadata":137,"parents":138,"keywords":141,"url":142},"JOINT VENTURE AGREEMENT This Joint Venture Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND JOINT VENTURER NAME] (the \"Second Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] This Agreement is entered by First Joint Venturer and Second Joint Venturer, herein after collectively referred to as the \"Joint Venturers\", for the purpose of performing: [DESCRIBE JOINT VENTURE]. WITNESSETH: WHEREAS, the parties are desirous of forming a Joint Venture (the \"Venture\"), under the laws of the [State/Province] of [STATE/PROVINCE] by execution of this Agreement for the purposes set forth herein and are desirous of fixing and defining between themselves their respective responsibilities, interests, and liabilities in connection with the performance of the before mentioned project; and NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the Parties herein agree to constitute themselves as Joint Venturers, henceforth, \"Venturers\" for the purposes before mentioned, and intending to be legally bound hereby, the parties hereto, after first being duly sworn, do covenant, agree and certify as follows: DEFINITIONS \"Affiliate\" shall refer to (i) any person directly or indirectly controlling, controlled by or under common control with another person, (ii) any person owning or controlling 10% or more of the outstanding voting securities of such other person, (iii) any officer, director or other partner of such person and (iv) if such other person is an officer, director, joint Venturer or partner, any business or entity for which such person acts in any such capacity. \"Venturers\" shall refer to [VENTURE NAME] Inc., and any successor(s) as may be designated and admitted to the Venture. \"Internal Revenue Code\", \"Code\" or \"I.R.C.\" shall refer to the current and applicable Internal Revenue Code. \"Net Profits and Net Losses\" means the taxable income and loss of the Venture, except as follows: [DESCRIBE] The \"Book\" value of an asset shall be substituted for its adjusted tax basis if the two differ, but otherwise Net Profits and Net Losses shall be determined in accordance with federal income tax principles. \"Project\" shall refer to that certain [DESCRIBE] project known as [NAME]. \"Treasury Regulations\" shall refer to those regulations promulgated by the Department of the Treasury with respect to certain provision of Internal Revenue Code. \"Percentage of Participation\" shall refer to that figure set forth in Exhibit A. FORMATION, NAME, AND PRINCIPLE PLACE OF BUSINESS Formation (a) The Venturers do hereby form a joint venture pursuant to the laws of the State of [STATE/PROVINCE] in order for the Venture to carry on the purposes for which provision is made herein. (b) The Ventures shall execute such certificates as may be required by the laws of the [State/Province] of [STATE/PROVINCE] or of any other state in order for the Venture to operate its business and shall do all other acts and things requisite for the continuation of the Venture as a joint venture pursuant to applicable law. Name The Name and style under which the Venture shall be conducted is: [DESCRIBE]. Principal place of business The Venture shall maintain its principal place of business at [FULL ADDRESS]. The Venture may re-locate its office from time to time or have additional offices as the Venturers may determine. PURPOSE OF THE JOINT VENTURE The business of the Venture shall be to perform: [DESCRIBE], a project having the Contract # , being entitled, and being in a dollar amount of [AMOUNT], in accordance with the contract documents for the Project and all such other business incidental to the general purposes herein set forth. TERM The term of the Venture shall commence as of the date hereof and shall be terminated and dissolved upon the earliest to occur of: (i) completion of the Project and receipt of all sums due the Venture by the Owner, [OWNER NAME] pursuant thereto and payment of all laborers and material men employed by the Venture in connection with the project; (ii) [DATE]; (iii) the unanimous agreement of the Ventures; or (iv) the order of a court of competent jurisdiction. PERCENTAGE OF PARTICIPATION Description Except as otherwise provided in sections 6.0 and 9.0 hereof, the interest of the Parties in any gross profits and their respective shares in any losses and/or liabilities that may result from the filing of a joint bid and/or the performance of the Construction Contract, and their interests in all property and equipment acquired and all money received in connection with the performance of the Contract shall be as follows: [Name Joint Venture Partner Percentage] Losses The Parties agree that in the event any losses arise out of or results from the performance of the Project, each Venturer shall assume and pay the share of the losses that is equal to the percentage of participation. Liabilities If for any reason, a Venturer sustains any liabilities or is required to pay any losses arising out of or directly connected with the Project, or the execution of any surety bonds or indemnity agreements in connection therewith, which are in excess of its Percentage of Participation, in the Joint Venture, the other Venturer shall promptly reimburse such Venturer this excess, so that each and every member of the Joint Venturer will then have paid its proportionate share of such losses to the full extent of its Percentage of Participation. Indemnities The Venturers agree to indemnify each other and to hold the other harmless from, any and all losses of the Joint Venture that are in excess of such other Venturer's Percentage of Participation. Provided that the provisions of this subsection shall be limited to losses that are directly connected with or arise out of the performance of the Project and/or the execution of any bonds or indemnity agreements in connection therewith and shall not be relate to or include any incidental, indirect or consequential losses that may be sustained or suffered by a Party. Duration The Parties shall from time to time execute such bonds and indemnity agreements, including applications there and other documents that may be necessary in connection with the performance of the Project. Provided however, that the liability of each of the Parties under any agreements to indemnify a surety company or surety companies shall be limited to the percentage of the total liability assumed by all the Parties under such indemnity agreements that is equal to the Party's Percentage of Participation. Initial contribution of the venture (a) The Venturers shall contribute the Property to the Venture and their Capital Account shall each be credited with the appropriate value of such contribution in accordance with their Venture interests. (b) Except as otherwise required by law or this Agreement, the Venturers shall not be required to make any further capital contributions to the Venture. Venture interests Upon execution of this Agreement, the Venturers shall each own the following interests in the Venture: Joint Venture Partner Percentage Return of capital contributions (a) No Venturer shall have the right to withdraw his capital contributions or demand or receive the return of his capital contributions or any part thereof, except as otherwise provided in this Agreement. (b) The Venturers shall not be personally liable for the return of capital contributions or any part thereof, except as otherwise provided in this Agreement. (c) The Venture shall not pay interest on capital contributions of any Venturer.","Joint Venture Agreement","7",70,"https://templates.business-in-a-box.com/imgs/1000px/joint-venture-agreement-D889.png","https://templates.business-in-a-box.com/imgs/250px/889.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#889.xml",{"title":6,"description":6},[139,140],{"label":18,"url":94},{"label":18,"url":94},"joint venture agreement","/template/joint-venture-agreement-D889",{"description":144,"descriptionCustom":6,"label":145,"pages":146,"size":9,"extension":10,"preview":147,"thumb":148,"svgFrame":149,"seoMetadata":150,"parents":152,"keywords":151,"url":157},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":151,"description":6},"non disclosure agreement nda",[153,154],{"label":18,"url":94},{"label":155,"url":156},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":159,"descriptionCustom":6,"label":160,"pages":8,"size":9,"extension":10,"preview":161,"thumb":162,"svgFrame":163,"seoMetadata":164,"parents":166,"keywords":173,"url":174},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: NOTICE OF CANCELLATION OF CONTRACT Dear [Contact name], Notice is hereby given that we are canceling our contract dated [Date] for the sale of [Description of goods] to [Name of firm], for the following reason: On [Date], you breached said contract in the following respect: [SPECIFY]","Notice of Cancellation of Contract","https://templates.business-in-a-box.com/imgs/1000px/notice-of-cancellation-of-contract-D450.png","https://templates.business-in-a-box.com/imgs/250px/450.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#450.xml",{"title":165,"description":6},"notice of cancellation of contract",[167,170],{"label":168,"url":169},"Finance & Accounting","finance-accounting",{"label":171,"url":172},"Administration","business-administration","notice cancellation contract","/template/notice-of-cancellation-of-contract-D450",false,{"seo":177,"reviewer":188,"quick_facts":192,"at_a_glance":194,"personas":198,"variants":223,"glossary":247,"clauses":277,"how_to_fill":318,"common_mistakes":354,"faqs":379,"industries":404,"comparisons":421,"diy_vs_pro":434,"related_template_ids_curated":447,"schema":455,"classification":457},{"meta_title":178,"meta_description":179,"primary_keyword":15,"secondary_keywords":180},"Notice of Withdrawal from Partnership Template (Free Word)","Free notice of withdrawal from partnership template. Formally notify partners of your intent to exit, trigger buyout provisions, and start the wind-down. Free Word and PDF download.",[181,182,183,184,185,186,187],"partnership withdrawal letter","notice of withdrawal from partnership template","partner withdrawal notice","withdrawal from partnership letter","partnership exit notice","notice of withdrawal from partnership free","partnership withdrawal template word",{"name":189,"credential":190,"reviewed_date":191},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":193,"legal_review_recommended":175,"signature_required":175},"medium",{"what_it_is":195,"when_you_need_it":196,"whats_inside":197},"A Notice of Withdrawal from Partnership is a formal written letter a partner sends to the other partners to declare their intention to exit the business relationship. This free Word download gives you a ready-to-edit template that covers the effective withdrawal date, references the governing partnership agreement, and triggers the buyout or dissolution procedures — exportable as PDF and ready to send within minutes.\n","Use it when you have decided to leave a general or limited partnership and need to formally start the exit process required by your partnership agreement or applicable state law. Sending this notice creates a documented record of when the withdrawal was communicated and protects you from ongoing liability for partnership obligations incurred after that date.\n","The letter includes identification of all parties, a clear statement of withdrawal intent, the proposed effective date, references to the relevant partnership agreement clauses, a request for buyout or settlement of your interest, and signature and delivery instructions.\n",[199,203,207,211,215,219],{"title":200,"use_case":201,"icon_asset_id":202},"General partners exiting a business","Formally notifying co-partners of intent to leave and triggering buyout terms","persona-small-business-owner",{"title":204,"use_case":205,"icon_asset_id":206},"Limited partners liquidating their interest","Starting the redemption process for their capital contribution and profit share","persona-investor",{"title":208,"use_case":209,"icon_asset_id":210},"Startup co-founders splitting from a partnership","Documenting withdrawal before converting the business to another entity type","persona-startup-founder",{"title":212,"use_case":213,"icon_asset_id":214},"Professional firm partners retiring","Providing required advance notice to trigger succession and transition provisions","persona-professional-services",{"title":216,"use_case":217,"icon_asset_id":218},"Real estate partnership investors","Exiting a property investment partnership and requesting return of capital","persona-real-estate-investor",{"title":220,"use_case":221,"icon_asset_id":222},"Attorneys or accountants leaving a practice partnership","Initiating the formal exit process in a licensed professional partnership","persona-attorney",[224,228,231,235,239,243],{"situation":225,"recommended_template":226,"slug":227},"Withdrawing from a general partnership with a written partnership agreement","Notice of Withdrawal from Partnership","notice-of-withdrawal-from-partnership-D12668",{"situation":229,"recommended_template":85,"slug":230},"Dissolving the entire partnership rather than a single partner exiting","partnership-dissolution-agreement-D901",{"situation":232,"recommended_template":233,"slug":234},"Admitting a new partner to replace the withdrawing one","Partnership Agreement Amendment","partnership-agreement-D12551",{"situation":236,"recommended_template":237,"slug":238},"Documenting the buyout terms agreed after the notice is sent","Partner Buyout Agreement","partnership-buyout-agreement-D12708",{"situation":240,"recommended_template":241,"slug":242},"Withdrawing from a joint venture rather than an ongoing partnership","Notice of Termination of Joint Venture","joint-venture-agreement-D889",{"situation":244,"recommended_template":245,"slug":246},"Resigning a management role within the partnership without fully withdrawing","Resignation Letter","letter-of-resignation-D512",[248,251,254,256,259,262,265,268,271,274],{"term":249,"definition":250},"Withdrawal","The voluntary departure of a partner from a partnership, ending their rights and obligations as of the effective date stated in the notice.",{"term":252,"definition":253},"Effective Date","The specific calendar date on which the withdrawal takes legal effect, which may be set by contract, statute, or mutual agreement.",{"term":40,"definition":255},"The written contract between partners that governs ownership percentages, profit sharing, decision-making, and exit procedures including withdrawal.",{"term":257,"definition":258},"Buyout","The process by which the remaining partners purchase the withdrawing partner's interest at an agreed or formula-determined value.",{"term":260,"definition":261},"Capital Account","The running ledger of a partner's equity in the partnership — original contribution plus allocated profits minus allocated losses and distributions.",{"term":263,"definition":264},"Goodwill","The intangible value of the business beyond its net assets — customer relationships, reputation, and brand — which may or may not be paid out to a withdrawing partner depending on the partnership agreement.",{"term":266,"definition":267},"Notice Period","The minimum advance time between sending the withdrawal notice and the effective withdrawal date, as specified in the partnership agreement or applicable law.",{"term":269,"definition":270},"Dissolution","The winding up of the entire partnership entity, which may be triggered automatically by a withdrawal if the agreement or governing law does not provide for continuation.",{"term":272,"definition":273},"Wrongful Withdrawal","A withdrawal that occurs in breach of the partnership agreement — for example, before an agreed lock-in period expires — which may expose the departing partner to damages.",{"term":275,"definition":276},"Continuation Agreement","A clause in the partnership agreement allowing the remaining partners to keep the business operating after one partner withdraws, rather than automatically dissolving.",[278,283,288,293,298,303,308,313],{"name":279,"plain_english":280,"sample_language":281,"common_mistake":282},"Header and parties","Identifies the sender (withdrawing partner), the recipients (remaining partners), the partnership's full legal name, and the date the letter is sent.","Date: [DATE]\nTo: [PARTNER 1 NAME], [PARTNER 2 NAME]\nFrom: [WITHDRAWING PARTNER NAME]\nRe: Notice of Withdrawal from [PARTNERSHIP NAME]","Using only first names or a trade name instead of full legal names — this creates ambiguity about which entity or individual the notice binds, and can delay buyout proceedings.",{"name":284,"plain_english":285,"sample_language":286,"common_mistake":287},"Statement of withdrawal intent","A clear, unambiguous declaration that the sender is withdrawing from the partnership, stated in the opening paragraph so there is no doubt about the letter's purpose.","I, [WITHDRAWING PARTNER NAME], hereby give formal notice of my withdrawal from [PARTNERSHIP NAME], effective [EFFECTIVE DATE].","Framing the notice as a request or proposal rather than a declaration — language like 'I am considering withdrawing' does not start the notice period and leaves the effective date undefined.",{"name":289,"plain_english":290,"sample_language":291,"common_mistake":292},"Effective date","The specific calendar date on which the withdrawal takes effect, which must satisfy any minimum notice period in the partnership agreement or state law.","My withdrawal shall be effective on [EFFECTIVE DATE], which is [X] days from the date of this notice, consistent with Section [X] of the Partnership Agreement.","Setting an effective date that falls inside a notice period required by the partnership agreement — this makes the notice defective and may restart the clock or expose the partner to a wrongful withdrawal claim.",{"name":294,"plain_english":295,"sample_language":296,"common_mistake":297},"Reference to partnership agreement","Cites the specific section of the partnership agreement that governs voluntary withdrawal, confirming the notice complies with the agreed exit procedure.","This notice is provided pursuant to Section [X.X] of the Partnership Agreement dated [DATE], which requires [X] days' written notice of voluntary withdrawal.","Omitting any reference to the partnership agreement — without this, remaining partners may dispute whether the notice satisfies contractual requirements and delay the buyout process.",{"name":299,"plain_english":300,"sample_language":301,"common_mistake":302},"Interest settlement request","Formally requests valuation and payment of the withdrawing partner's capital account and profit share, referencing the valuation method specified in the agreement.","I request that my partnership interest, including my capital account balance and any undistributed profits, be valued as of the effective date pursuant to Section [X.X] of the Partnership Agreement and settled within [X] days thereafter.","Not specifying a deadline for the buyout settlement — without one, remaining partners face no time pressure to complete the valuation and payment.",{"name":304,"plain_english":305,"sample_language":306,"common_mistake":307},"Outstanding obligations and liabilities","Addresses the withdrawing partner's position on existing partnership debts and obligations — typically confirming responsibility only for liabilities incurred before the effective date.","I acknowledge my proportionate liability for all partnership obligations incurred on or before [EFFECTIVE DATE]. I shall bear no responsibility for obligations or liabilities incurred by the Partnership after that date.","Leaving out any mention of liabilities — third-party creditors can still pursue a withdrawing general partner for pre-withdrawal debts unless the notice clearly documents the cut-off date.",{"name":309,"plain_english":310,"sample_language":311,"common_mistake":312},"Return of partnership property","Confirms the withdrawing partner will return any partnership property in their possession and cease using the partnership's name, accounts, and credentials.","I will return all Partnership property, documents, and access credentials in my possession by [DATE], and I will cease holding myself out as a partner of [PARTNERSHIP NAME] as of the effective date.","Skipping this clause when the departing partner holds physical assets, keys, or access to shared accounts — failure to address return creates disputes about missing property and ongoing representation of the partnership.",{"name":314,"plain_english":315,"sample_language":316,"common_mistake":317},"Delivery and acknowledgment","States how the notice is being delivered (hand delivery, certified mail, email with read receipt) and requests written acknowledgment from the remaining partners.","This notice is delivered by [DELIVERY METHOD] on [DATE]. Please confirm receipt in writing within [X] business days by signing and returning the enclosed acknowledgment or by email to [EMAIL ADDRESS].","Sending the notice by regular email with no delivery confirmation — if the timing of notice receipt is later disputed, there is no proof the partners actually received it.",[319,324,329,334,339,344,349],{"step":320,"title":321,"description":322,"tip":323},1,"Gather the partnership agreement and identify the exit clauses","Locate the section of your partnership agreement that governs voluntary withdrawal. Note the required notice period, valuation method, and any restrictions such as lock-in periods or consent requirements.","If you cannot find a written partnership agreement, the default rules of your state's Uniform Partnership Act (UPA or RUPA) will govern — most require reasonable notice.",{"step":325,"title":326,"description":327,"tip":328},2,"Fill in the parties and partnership name","Enter your full legal name as the withdrawing partner, each remaining partner's full legal name, and the partnership's registered legal name — not a trade name or DBA.","Cross-reference the original partnership agreement for the exact legal name; it may differ from the name on business cards or signage.",{"step":330,"title":331,"description":332,"tip":333},3,"Set the effective withdrawal date","Calculate a date that satisfies the minimum notice period in your agreement — for example, if the agreement requires 30 days' notice, your effective date must be at least 30 days from today.","Choose an effective date that aligns with a month-end or quarter-end if possible; this simplifies the calculation of your final profit share and capital account balance.",{"step":335,"title":336,"description":337,"tip":338},4,"Reference the specific agreement section","Cite the section number and date of the partnership agreement in the reference clause. If no written agreement exists, note that notice is being given pursuant to the applicable state partnership statute.","Including the agreement date distinguishes it from any prior or amended versions and prevents ambiguity about which document controls.",{"step":340,"title":341,"description":342,"tip":343},5,"State your interest settlement request","Specify the valuation method (book value, fair market value, or the formula in the agreement) and include a deadline for completing the buyout — 30 to 60 days from the effective date is typical.","If the agreement is silent on a valuation deadline, propose one in the notice; it creates a negotiating anchor and shows good faith.",{"step":345,"title":346,"description":347,"tip":348},6,"Address liabilities and return of property","Confirm your responsibility for pre-withdrawal debts, disclaim liability for post-withdrawal obligations, and list any partnership property you will return and by what date.","Keep a written inventory of returned items with dates and signatures — this protects you if property goes missing after your departure.",{"step":350,"title":351,"description":352,"tip":353},7,"Choose a delivery method and send","Send the notice by a method that produces a dated delivery record: certified mail with return receipt, courier, or email with a read-receipt request. Keep the delivery confirmation on file.","Send copies simultaneously to all remaining partners on the same date — staggered delivery can create disputes about when the notice period actually began.",[355,359,363,367,371,375],{"mistake":356,"why_it_matters":357,"fix":358},"Using vague or conditional language","Phrases like 'I am thinking of withdrawing' or 'I may wish to leave' do not constitute a formal notice and do not start the notice period, leaving the withdrawal date undefined.","Open with an unambiguous declaration in the present tense: 'I hereby give notice of my withdrawal, effective [DATE].'",{"mistake":360,"why_it_matters":361,"fix":362},"Setting an effective date inside the required notice period","A notice that gives 10 days when the agreement requires 30 is defective — the remaining partners can reject it, restart the clock, or treat it as a wrongful withdrawal triggering damages.","Read the notice-period clause before writing the letter, calculate the earliest permissible effective date, and use that date or a later one.",{"mistake":364,"why_it_matters":365,"fix":366},"Sending the notice without delivery proof","If a remaining partner later claims they never received the notice, you have no evidence the notice period started — delaying your buyout and potentially extending your liability for partnership debts.","Use certified mail, courier with signature confirmation, or email with a read-receipt request, and retain the delivery record with your copy of the letter.",{"mistake":368,"why_it_matters":369,"fix":370},"Omitting the liability cut-off date","General partners remain personally liable for partnership debts unless the cut-off is clearly stated — without it, creditors and co-partners may argue you are liable for obligations incurred after you left.","Include a clause explicitly stating you accept no responsibility for obligations arising after the effective date, and send copies to key creditors if necessary.",{"mistake":372,"why_it_matters":373,"fix":374},"Not referencing the partnership agreement","A notice that ignores the governing agreement gives remaining partners grounds to argue the exit procedure was not properly followed, stalling the buyout and creating litigation risk.","Cite the section number and date of the partnership agreement in the notice body to confirm the exit is being executed in accordance with agreed terms.",{"mistake":376,"why_it_matters":377,"fix":378},"Sending the notice to one partner but not all","If the agreement requires notice to all partners and you notify only one, the notice may be technically defective, restarting the notice period when the others receive it.","Send identical notices to every remaining partner simultaneously, using the same date and delivery method for each.",[380,383,386,389,392,395,398,401],{"question":381,"answer":382},"What is a notice of withdrawal from partnership?","A notice of withdrawal from partnership is a formal written letter a partner sends to the other partners declaring their intention to exit the business relationship. It identifies the withdrawing partner, states the effective date, and triggers the buyout or dissolution procedures set out in the partnership agreement. Sending this notice creates a documented record that is often required by the agreement and by applicable state partnership law.\n",{"question":384,"answer":385},"Is a written withdrawal notice required?","Most partnership agreements require written notice as a condition of valid withdrawal, and state partnership statutes typically require reasonable notice even where the agreement is silent. A written notice protects the withdrawing partner by documenting the date notification was given, which limits ongoing liability for partnership debts and starts the buyout clock. Verbal notice is almost impossible to prove if a dispute arises later.\n",{"question":387,"answer":388},"How much notice do I need to give before withdrawing?","The required notice period is set by your partnership agreement — 30, 60, or 90 days are common in practice. If the agreement is silent, the Uniform Partnership Act and its Revised version (adopted in most US states) require reasonable notice, which courts typically interpret as 30 to 90 days depending on the partnership's complexity and size. Review your agreement before setting the effective date.\n",{"question":390,"answer":391},"What happens to my ownership interest after I withdraw?","Your interest is typically subject to a buyout by the remaining partners at a value determined by the partnership agreement — book value, fair market value, or an agreed formula. If no buyout mechanism exists and the agreement does not include a continuation clause, withdrawal may trigger dissolution of the entire partnership. Reviewing the buyout and continuation provisions before sending the notice is essential to understanding what you will receive and when.\n",{"question":393,"answer":394},"Am I still liable for partnership debts after I withdraw?","As a general partner, you remain personally liable for obligations the partnership incurred before your effective withdrawal date. You are generally not liable for new obligations arising after that date, provided you have given proper written notice. Third-party creditors who were not notified may still pursue you until they receive actual notice, so it is prudent to notify key creditors in writing as well.\n",{"question":396,"answer":397},"What is the difference between withdrawal and dissolution?","Withdrawal means one partner exits while the remaining partners continue operating the business — this is only possible if the agreement contains a continuation clause or the remaining partners agree to carry on. Dissolution winds up the entire partnership and distributes assets among all partners. Some agreements and some state statutes automatically trigger dissolution when a partner withdraws unless specific steps are taken to continue the business.\n",{"question":399,"answer":400},"Can I withdraw from a partnership without the other partners' consent?","In most jurisdictions, a partner has the power to withdraw at any time, but not always the right to do so without consequences. Withdrawing in violation of the partnership agreement — for example, before a lock-in period expires — may be treated as a wrongful withdrawal, exposing you to a damages claim from the remaining partners. The distinction between having the power to leave and having the contractual right to leave without penalty is important to understand before sending the notice.\n",{"question":402,"answer":403},"Should I consult a lawyer before withdrawing from a partnership?","For straightforward withdrawals governed by a clear, well-drafted partnership agreement, this template is typically sufficient. Consider consulting a business attorney when the partnership agreement is ambiguous on valuation or exit procedures, when the withdrawing partner's interest is worth more than $50,000, when there are ongoing disputes with the other partners, or when the partnership has significant external debts or contractual obligations. A 1–2 hour consultation typically costs $250–$600 and can prevent a costly buyout dispute.\n",[405,409,413,417],{"industry":406,"icon_asset_id":407,"specifics":408},"Professional Services","industry-professional-services","Law, accounting, and consulting firm partnerships require notice periods that coordinate with client transition plans and regulatory notification obligations for licensed professionals.",{"industry":410,"icon_asset_id":411,"specifics":412},"Real Estate","industry-real-estate","Investment property partnerships often tie withdrawal rights to capital call cycles or property sale events, making precise effective-date drafting critical to avoid disputes over undistributed rental income.",{"industry":414,"icon_asset_id":415,"specifics":416},"Retail and Food Service","industry-retail","Informal retail and restaurant partnerships frequently lack detailed written agreements, making the withdrawal notice the first formal document in the exit — careful drafting is especially important when the agreement is thin.",{"industry":418,"icon_asset_id":419,"specifics":420},"Construction and Trades","industry-construction","Contractor and trade partnerships must address ongoing project obligations and subcontractor relationships in the notice, as withdrawal mid-project can trigger breach claims from clients.",[422,425,428,431],{"vs":85,"vs_template_id":423,"summary":424},"partnership-dissolution-agreement-D12669","A dissolution agreement winds up the entire partnership and distributes all assets among the partners — every party exits. A withdrawal notice allows one partner to leave while the others continue operating the business. Use the dissolution agreement when all partners agree to end the partnership; use the withdrawal notice when only one partner is departing.",{"vs":40,"vs_template_id":426,"summary":427},"partnership-agreement-D161","The partnership agreement is the founding contract that sets the rules for how the partnership operates, including exit procedures. The withdrawal notice is the letter that exercises those exit rights. You need a partnership agreement first; the withdrawal notice is the document that invokes it when the time comes to leave.",{"vs":245,"vs_template_id":429,"summary":430},"resignation-letter-D1359","A resignation letter ends an employment relationship and carries no financial settlement obligations. A withdrawal notice ends a business ownership interest and triggers buyout, liability, and dissolution provisions with significant financial consequences. The two documents are not interchangeable even if a partner also serves as an employee of the partnership.",{"vs":237,"vs_template_id":432,"summary":433},"","A withdrawal notice initiates the exit process and formally states the intent to leave. A buyout agreement is the subsequent contract that documents the agreed valuation, payment terms, and transfer of the departing partner's interest to the remaining partners. The notice comes first; the buyout agreement closes the transaction.",{"use_template":435,"template_plus_review":439,"custom_drafted":443},{"best_for":436,"cost":437,"time":438},"Partners withdrawing under a clear, well-drafted partnership agreement with an agreed buyout process","Free","15–30 minutes",{"best_for":440,"cost":441,"time":442},"Withdrawals involving a partnership interest worth more than $50,000, ambiguous agreement language, or an ongoing dispute with co-partners","$250–$600 (1–2 hours with a business attorney)","1–3 days",{"best_for":444,"cost":445,"time":446},"Complex multi-partner exits, professional firm dissolutions with regulatory considerations, or partnerships with significant external debt","$800–$2,500+","1–2 weeks",[230,234,246,448,242,449,450,234,451,452,453,454],"limited-partnership-agreement-D891","non-disclosure-agreement-nda-D12692","notice-of-cancellation-of-contract-D450","buyout-agreement-D12670","letter-of-intent_acquisition-of-business-D5197","cease-and-desist-letter-D12916","demand-letter-D13262",{"emit_how_to":456,"emit_defined_term":456},true,{"primary_folder":94,"secondary_folder":458,"document_type":459,"industry":460,"business_stage":461,"tags":462,"confidence":467},"partnerships-and-joint-ventures","notice","general","exit",[459,463,464,465,466],"legal","termination","partnership-withdrawal","exit-strategy",0.95,"\u003Ch2>What is a Notice of Withdrawal from Partnership?\u003C/h2>\n\u003Cp>A \u003Cstrong>Notice of Withdrawal from Partnership\u003C/strong> is a formal written letter a partner sends to the other partners in a business to declare their intention to exit the partnership. It identifies the withdrawing partner by full legal name, states the effective date of withdrawal, references the governing partnership agreement, and triggers the buyout or dissolution procedures that follow. Unlike a casual conversation or email, this letter creates a dated, documented record of when the withdrawal was communicated — which determines when liability for new partnership debts ends and when the clock starts running on any buyout settlement deadline specified in the agreement.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Leaving a partnership without a proper written notice exposes you to serious financial and legal consequences. Until formal notice is given, you remain personally liable for partnership obligations — including debts and contracts entered into by your co-partners on the business's behalf. An undocumented exit also gives remaining partners no formal trigger to begin the buyout valuation process, meaning your capital account and profit share can sit unsettled indefinitely. If a dispute later arises about when you left, who owes what, or whether the exit was valid under the partnership agreement, this letter is the evidence you need to defend your position. This template gives you a ready-to-edit Word document that covers every required element — from the unambiguous withdrawal declaration to the liability cut-off date and delivery confirmation — so the transition starts cleanly and on record.\u003C/p>\n",1781185942193]