Acknowledgement of Retirement from Partnership
This Acknowledgement of Retirement from Partnership is intended to be used where a partner has retired from an existing partnership and the Partnership is formally acknowledging this. It has been drafted to be used in conjunction with our Long Partnership Agreement and therefore will need to be adapted if the underlying partnership agreement varies significantly from our standard form.
This letter acknowledges the partner’s intention to retire, specifying the date this will take effect as well as the terms of the retirement and how the retiring partner will be re-paid any sums due to him/her and the restrictions that the partner will abide by following his/her retirement.
This is a standard form
This Acknowledgement of Retirement from Partnership is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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