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 acknowledgement and should be used subsequent to the Partnership receiving a formal Letter of Retirement from the partner.
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
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.
Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.