DIY Legal Forms

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Liability Release By Partners

In the event of withdrawal, retirement, death, or otherwise dissolution by any partner in the firm, the remaining partners shall have the authorization to release that partner from any further indebtedness resulting from actions taken by the firm. The terms of such a release shall be proclaimed in a written agreement established by the remaining partners and approved by those partners holding (--%) of the firms assets.

Dated:

____________________________

Signature and Title

____________________________

Signature and Title

____________________________

Signature and Title

*** If Required By State Law ***

This Section for Notary:

ACKNOWLEDGMENT

State of _________

County of ________ [COUNTY]

On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________
Notary

My commission expires: _____

(Seal)