The goal of every commercial activity is always profit. The profit is always needed to run any system as one cannot just keep spending from its own account. The money needs to be generated in order to keep things moving forward. The business used to plan and strategies in this regard, but sometimes plans just do not work. One requires joining hands with the competitor in the same industry. The business partnership takes place in such scenarios. The business partnerships not only provide people the business solutions, but also help both parties in achieving the best profit levels.
The partnership agreements are made under strict rules and regulation. The agreement only holds well when both of the partner parties keep abiding by the rules or set criteria. One cannot imagine of a good relationship going without due participation from both parties. The partnership dissolution agreement also comes into play when partner parties find it unpleasant to move on. It also comes into action when there lies term based partnership contract. The partnership dissolution agreement communicates both of the partners that it is going to end at said date.
Partnership Dissolution Agreement Template
The partner business entities agree on certain severance date when it happens with the consent of both parties. But it can also happen that one party simply notifies the other about the severance just because it was not working according to the agreed rules and regulations. The dissolution agreement template places binding over both parties as they now have to agree with the rules of the agreement once again.
Create your own Partnership Dissolution Agreement template by using the following sample,