DIY Legal Forms

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Termination & Disbursements Of Assets

As a legally binding addendum and amendment to our partnership agreement dated the _________ day of _________ 20 __. We [Names], submit the following: ___________.

If the agreement of partnership is to be terminated or if the partnership is to be reorganized, all assets of the partnership will be used to cover and pay incurred debts, after which assets will be disbursed to all partners in accordance with partners interest in the partnership.



Signature and Title


Signature and Title


Signature and Title

*** If Required By State Law ***

This Section for Notary:


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 ________

My commission expires: _____