¶¶Òõ¶ÌÊÓÆµ

Dissolution Contract Template for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Dissolution Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Dissolution Contract

"I need a Dissolution Contract for winding up my tech startup with three co-founders, including provisions for distribution of our software IP assets and settling outstanding contracts with our SaaS clients by March 2025."

Document background
A Dissolution Contract is essential when formally closing down a business entity in England and Wales. This document becomes necessary when shareholders or partners decide to cease operations, whether due to retirement, completion of business purpose, or strategic reasons. The contract ensures compliance with the Companies Act 2006 and outlines crucial elements including asset distribution, debt settlement, employee considerations, and final accounting procedures. It serves as a comprehensive record of the dissolution process and helps prevent future disputes.
Suggested Sections

1. Parties: Identification and details of all parties involved in the dissolution

2. Background: Context and reasons for dissolution

3. Definitions: Key terms used throughout the agreement

4. Effective Date: Date when dissolution becomes effective

5. Distribution of Assets: How company assets will be distributed

6. Settlement of Liabilities: Process for settling outstanding debts and obligations

7. Final Accounts: Agreement on final accounting procedures

Optional Sections

1. Employee Provisions: Provisions for handling employee matters including redundancies, transfer of contracts, and final payments

2. Intellectual Property Rights: Provisions for the distribution and assignment of intellectual property assets

3. Tax Provisions: Special provisions dealing with tax implications and responsibilities

Suggested Schedules

1. Schedule of Assets: Detailed list of company assets and their disposition

2. Schedule of Liabilities: Comprehensive list of outstanding debts and obligations

3. Final Accounts Schedule: Final financial statements and balance sheets

4. Board Resolutions: Copies of relevant board resolutions approving dissolution

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





























Clauses






























Relevant Industries
Relevant Teams
Relevant Roles
Industries

Companies Act 2006: Primary legislation governing company dissolution, including Parts 31 and 32 dealing with dissolution and restoration, Sections 1000-1034 covering strike-off and dissolution procedures, and Sections 1024-1028 regarding property of dissolved companies

Insolvency Act 1986: Key legislation covering voluntary dissolution, procedures for winding up, and treatment of assets and liabilities during company dissolution

Company Directors Disqualification Act 1986: Legislation governing directors' responsibilities during dissolution and consequences of misconduct in the dissolution process

Partnership Act 1890: Legislation relevant when dissolving a partnership structure, outlining specific requirements and procedures for partnership dissolution

Limited Liability Partnerships Act 2000: Specific legislation applicable to the dissolution of Limited Liability Partnerships (LLPs)

Employment Rights Act 1996: Legislation protecting employee rights during dissolution, including redundancy provisions and employment termination procedures

TUPE Regulations 2006: Transfer of Undertakings (Protection of Employment) Regulations governing the protection of employees' rights during business transfers or dissolution

General Data Protection Regulation (GDPR) and Data Protection Act 2018: Legislation governing the handling and protection of personal data during and after the dissolution process

Finance Acts: Various Finance Acts containing provisions regarding tax implications of dissolution, including Capital Gains Tax considerations and other tax-related matters

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Partner Dissolution Agreement

find out more

Dissolution Of Services Agreement

find out more

Dissolution Of Rental Agreement

find out more

Dissolution Contract

A legal agreement under English and Welsh law that formalizes the process of dissolving a business entity and settling its affairs.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.