tiktok³ÉÈ˰æ

Partnership Exit Agreement Template for United Arab Emirates

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

4.6 / 5
4.8 / 5

Let's create your Partnership Exit Agreement

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:

Partnership Exit Agreement

"I need a Partnership Exit Agreement for our Dubai-based trading company, where I will be leaving the partnership by March 2025, with the agreed purchase price of AED 2.5 million to be paid in four quarterly installments."

Document background
The Partnership Exit Agreement is a crucial document used when a partner decides to leave or is required to leave a business partnership in the UAE. It is essential for ensuring a smooth transition and protecting all parties' interests under UAE law. This document becomes necessary in various scenarios, including retirement, strategic disagreements, or pursuit of other opportunities. The agreement must comply with UAE Federal Law No. 32 of 2021 and other relevant regulations, addressing key aspects such as partnership interest valuation, payment terms, confidentiality, and post-exit obligations. The Partnership Exit Agreement also includes provisions for the transfer of responsibilities, handling of ongoing projects, and resolution of any outstanding issues. It serves as a comprehensive record of the exit arrangements and helps prevent future disputes by clearly documenting all terms and conditions of the separation.
Suggested Sections

1. Parties: Identification of all parties including the exiting partner, remaining partners, and the partnership entity

2. Background: Context of the partnership, reason for exit, and current partnership structure

3. Definitions: Key terms used throughout the agreement

4. Effective Date and Notice: Specification of when the exit becomes effective and notice requirements

5. Purchase Price and Valuation: Agreed value of the departing partner's interest and valuation methodology

6. Payment Terms: Structure and timing of payments, including any installment arrangements

7. Release and Discharge: Mutual release of claims and liabilities between parties

8. Confidentiality: Obligations regarding confidential information post-exit

9. Non-Compete and Non-Solicitation: Restrictions on the exiting partner's future business activities

10. Handover of Responsibilities: Process for transferring duties and ongoing projects

11. Representations and Warranties: Standard declarations by all parties

12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction

13. Dispute Resolution: Process for resolving any disputes, including arbitration provisions

14. General Provisions: Standard boilerplate clauses including severability, entire agreement, etc.

15. Execution: Signature blocks and execution formalities

Optional Sections

1. Intellectual Property Rights: Used when IP ownership needs to be addressed post-exit

2. Outstanding Loans and Liabilities: Required when there are existing loans or financial obligations to be settled

3. Client and Contract Assignment: Needed when specific client relationships or contracts need to be transferred or retained

4. Employee Matters: Include when the exiting partner has been involved in employment relationships

5. Tax Matters: Required when there are specific tax implications to be addressed

6. Insurance and Indemnification: Include when ongoing insurance or specific indemnification requirements exist

7. Use of Name and Branding: Necessary when the exiting partner's name is part of the firm's branding

8. Transition Services: Include when the exiting partner needs to provide specific transition support

Suggested Schedules

1. Schedule 1 - Partnership Interest Valuation: Detailed valuation report or methodology

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and dates

3. Schedule 3 - Assets and Liabilities: Complete list of partnership assets and liabilities

4. Schedule 4 - Ongoing Projects: List of current projects and their status

5. Schedule 5 - Client List: Comprehensive list of partnership clients and their allocation

6. Schedule 6 - Handover Checklist: Detailed list of items and responsibilities to be transferred

7. Appendix A - Power of Attorney: If required for specific transactions post-exit

8. Appendix B - Resignation Letters: Template or copies of official resignation documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 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

Professional Services

Real Estate

Trading and Distribution

Construction and Engineering

Healthcare

Hospitality and Tourism

Manufacturing

Technology and IT Services

Financial Services

Retail

Consulting

Media and Entertainment

Education

Legal Services

Architecture and Design

Relevant Teams

Legal

Finance

Compliance

Corporate Governance

Risk Management

Operations

Board of Directors

Executive Leadership

Corporate Secretariat

Business Development

Human Resources

Administrative

Relevant Roles

Managing Partner

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Company Secretary

Business Development Director

Operations Manager

Finance Director

Compliance Officer

Risk Manager

Managing Director

Board Member

Senior Partner

General Counsel

Corporate Governance Officer

Industries








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

Trust Termination Agreement

A UAE-law governed agreement (DIFC/ADGM) that formally terminates a trust arrangement and outlines the process for asset distribution and trustee release.

find out more

Termination Of Contract Of Service

A UAE law-compliant document that formally terminates an employment relationship, outlining termination terms and final settlements under UAE labor regulations.

find out more

Termination Of Contract Letter To Employer

A UAE-compliant formal letter template for employees to notify their employer of employment contract termination, adhering to UAE Federal Decree-Law No. 33 of 2021.

find out more

Termination Of Contract Letter To Employee

A UAE-compliant formal letter notifying an employee of their employment termination, including termination terms and final settlement details.

find out more

Termination Of Contract By Mutual Consent

A UAE law-compliant agreement for mutual termination of an existing contract, including settlement terms and mutual releases.

find out more

Termination By Agreement

UAE-compliant mutual agreement document for employment termination, outlining termination terms and settlements under UAE Labor Law.

find out more

Tenancy At Will Termination

UAE-compliant notice document for terminating a tenancy at will arrangement, including termination date and handover requirements under UAE federal and emirate laws.

find out more

Premature Termination Of Contract

A UAE law-compliant agreement for early contract termination, outlining termination terms and mutual obligations.

find out more

License Termination

UAE-compliant License Termination agreement for ending licensing arrangements, addressing termination provisions and post-termination obligations under UAE law.

find out more

Cancellation Of Condominium Contract

UAE-compliant legal document for terminating a condominium purchase agreement, adhering to RERA regulations and UAE Federal Laws.

find out more

Rental Contract Termination Letter

A formal notice compliant with UAE law used to terminate a rental or lease agreement, outlining termination details and handover arrangements.

find out more

Termination Of Agency Agreement

UAE-governed agreement for terminating commercial agency relationships, ensuring compliance with local agency laws and protecting both parties' interests.

find out more

Shareholder Exit Agreement

A UAE law-governed agreement detailing the terms and procedures for a shareholder's exit from a company, including share transfer and post-exit obligations.

find out more

Mutual Termination Of Tenancy Agreement

UAE-governed agreement for consensual early termination of a lease between landlord and tenant, outlining termination terms and settlement arrangements.

find out more

Month To Month Tenancy Termination

A UAE-compliant notice document for terminating month-to-month tenancy agreements, structured according to Federal Law No. 14 of 2023 and emirate-specific regulations.

find out more

Lease Termination Contract

A UAE-law governed agreement that formally terminates a lease between landlord and tenant, outlining termination terms, handover processes, and settlement arrangements.

find out more

Tenancy Contract Cancellation

A UAE-compliant agreement for the formal termination of a tenancy contract, outlining termination terms and settlement conditions under UAE law.

find out more

Partnership Exit Agreement

A UAE law-governed agreement that formalizes a partner's withdrawal from a business partnership, including all terms, conditions, and obligations of the exit.

find out more

Severance And Release Agreement

A UAE law-governed agreement that documents employment termination terms, severance payments, and mutual releases between employer and employee.

find out more

Termination Waiver Agreement

A UAE-governed agreement documenting an employee's waiver of certain termination-related rights and any associated settlement terms.

find out more

Real Estate Termination Agreement

UAE-governed agreement for formally terminating real estate contracts while ensuring compliance with local property laws and regulations.

find out more

Termination Of Business Contract

UAE-governed agreement that formally terminates a business contract, outlining termination terms and post-termination obligations in accordance with UAE law.

find out more

Contract Termination Letter To Contractor

A UAE law-governed formal notice that terminates a contractual relationship with a contractor, specifying termination terms and final obligations.

find out more

Mutual Agreement To Terminate Employment

A UAE-compliant agreement documenting the mutual consent between employer and employee to terminate an employment relationship, including termination terms and final settlements.

find out more

Release Of Contract Letter

A UAE-compliant formal document that terminates an existing contractual relationship between parties, governed by UAE Civil Code and Sharia principles.

find out more

Joint Venture Termination Agreement

UAE-governed agreement for terminating a joint venture relationship, addressing dissolution, assets, and liabilities in compliance with UAE Commercial Companies Law.

find out more

Termination Of Services Letter To Vendor

A formal notice compliant with UAE law that terminates a vendor's services, specifying termination details and transition requirements.

find out more

Contract Cancellation Agreement

A UAE law-governed agreement that formally terminates an existing contract between parties, settling obligations and providing mutual releases.

find out more

Mutual Termination Agreement

UAE-compliant agreement documenting mutual consent between employer and employee to terminate employment relationship, including settlement terms and mutual releases.

find out more

Employee Exit Agreement

A UAE-compliant agreement documenting employment termination terms, final settlements, and post-employment obligations under UAE Labor Law.

find out more

Exit Agreement

UAE-governed agreement that formalizes employment termination and defines separation terms under UAE Labor Law.

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.