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Alberta Partnership Exit Agreement
Facilitate the exit of a partner and deal with their partnership interest with this Partnership Exit Agreement for an Alberta limited partnership.
- The exiting partner's interest will be purchased by the general partner and the partnership.
- Once the sale of its interest is complete, the exiting partner is relieved of its rights and obligations under the Partnership Agreement.
- The purchasers will use best efforts to obtain a release of any guarantees of the partnership's debts given by the exiting partner and will indemnify the exiting partner against any claims or damages.
Download: Alberta Partnership Exit Agreement
Related Forms:
- Buying Out a Partner - A Checklist of Issues to Consider
- Partnership Agreement with Shotgun Provisions
- Partnership Buyouts
- USA Partnership Dissolution Agreement
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