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Topic: Company and partnership documents

notice to end partnership under provisions of partnership agreement
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Notice to end partnership under provisions of partnership agreement

Notice to end partnership under
the provisions of the partnership
agreement

You’re tied into a partnership. You’ve now decided to exit. Use our notice to do this correctly.

Advice

If you’ve entered into a written partnership agreement, the chances are that it will say how much notice you’ve got to give the other partners if you want to leave. It will probably also say in what form the notice must take, i.e. be in writing, and where and how it’s to be served, e.g. at the partnership’s principal office and by recorded delivery.

Tip

Before taking the plunge, study the wording of the partnership agreement carefully. Not only will it tell you how much notice you’ve got to give, but it may also contain restrictive covenants that may limit where you can set up business, who with and which, if any, clients you can take with you.

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