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.

Further information:

• How to exit a Partnership Agreement?

• How to terminate a Partnership Agreement without an Agreement?

• What Is a Partnership?

• Advantages and Disadvantages of a Partnership