Notice of Withdrawal from PartnershipThis Notice of Withdrawal from Partnership document can be used when an individual decides to leave a business partnership.
Written notice of withdrawal provides for a smooth exit, and facilitates simple and effective communication to the remaining partners and relevant clients.
Use this Notice of Withdrawal from Partnership if:
You are part of a business partnership and wish to voluntarily withdraw as a partner.
This document should only be used if a business partnership will remain in operation after the individual’s withdrawal.
It is important to note that circumstances may vary, and withdrawal may be subject to pre-existing guidelines. For example, withdrawal from a partnership may be complicated by a business’ structure and the terms of the preexisting partnership agreement.
What does this document cover?
Name and addresses of the withdrawing partner.
The business name, and relevant jurisdiction.
Facilitates the proper execution and documentation of withdrawal from partnership.
Ensures the withdrawing partner ceases to exist on and from the date set out in the document.