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1. Parties: Identification of all partners and relevant parties to the settlement agreement
2. Background: History of the partnership, reason for dissolution, and context of the settlement
3. Definitions and Interpretation: Definitions of key terms and interpretation clauses
4. Settlement Terms: Core terms of the settlement including financial arrangements and asset distribution
5. Dissolution Date: Specific date and timing of partnership dissolution
6. Asset Distribution: Detailed arrangements for distribution of partnership assets
7. Liability Allocation: Assignment of partnership liabilities and ongoing obligations
8. Financial Settlement: Financial terms including payments, adjustments, and timing
9. Release and Discharge: Mutual release of claims and obligations between partners
10. Confidentiality: Obligations regarding confidential information and trade secrets
11. Non-disparagement: Agreement not to make negative statements about other partners or the business
12. Governing Law: Applicable law and jurisdiction
13. Execution: Signing provisions and execution requirements
1. Ongoing Business Operations: Terms for continuing business operations if applicable, used when one partner continues the business
2. Intellectual Property Rights: Distribution and ownership of IP rights, used when the partnership owns significant IP
3. Employee Matters: Handling of employment contracts and obligations, used when the partnership has employees
4. Client Transition: Arrangements for handling existing clients, used in service-based partnerships
5. Non-Compete Provisions: Restrictions on future competitive activities, used when partners agree to limit future competition
6. Tax Arrangements: Specific tax planning and allocation provisions, used when complex tax implications exist
7. Dispute Resolution: Detailed dispute resolution procedures, used when partners want specific conflict resolution mechanisms
8. Insurance Matters: Ongoing insurance obligations and claims, used when significant insurance matters exist
9. Third Party Contracts: Handling of existing contracts with third parties, used when significant external contracts exist
1. Schedule A - Asset Register: Comprehensive list of partnership assets and their agreed distribution
2. Schedule B - Liability Register: List of all partnership liabilities and their allocation
3. Schedule C - Financial Statements: Final partnership accounts and financial position
4. Schedule D - Payment Schedule: Detailed schedule of settlement payments and timing
5. Schedule E - Client List: List of clients and their allocation between partners
6. Schedule F - Intellectual Property Register: Detailed list of IP assets and their disposition
7. Appendix 1 - Valuation Reports: Independent valuations of partnership assets
8. Appendix 2 - Tax Calculations: Detailed tax implications and calculations
9. Appendix 3 - Execution Documents: Additional documents required for execution of the settlement
Professional Services
Legal Services
Medical Practices
Accounting Firms
Architecture Firms
Engineering Consultancies
Real Estate Agencies
Financial Services
Retail
Construction
Technology Services
Agricultural Businesses
Veterinary Practices
Management Consulting
Creative Agencies
Legal
Finance
Corporate
Operations
Tax
Compliance
Administration
Executive
Risk Management
Business Development
Managing Partner
Senior Partner
Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Business Manager
Partnership Administrator
Accountant
Tax Advisor
Business Valuation Specialist
Mediator
Practice Manager
Operations Director
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