Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
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."
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
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
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
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
Legal
Finance
Compliance
Corporate Governance
Risk Management
Operations
Board of Directors
Executive Leadership
Corporate Secretariat
Business Development
Human Resources
Administrative
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
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.
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.
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.
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.
Termination Of Contract By Mutual Consent
A UAE law-compliant agreement for mutual termination of an existing contract, including settlement terms and mutual releases.
Termination By Agreement
UAE-compliant mutual agreement document for employment termination, outlining termination terms and settlements under UAE Labor Law.
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.
Premature Termination Of Contract
A UAE law-compliant agreement for early contract termination, outlining termination terms and mutual obligations.
License Termination
UAE-compliant License Termination agreement for ending licensing arrangements, addressing termination provisions and post-termination obligations under UAE law.
Cancellation Of Condominium Contract
UAE-compliant legal document for terminating a condominium purchase agreement, adhering to RERA regulations and UAE Federal Laws.
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.
Termination Of Agency Agreement
UAE-governed agreement for terminating commercial agency relationships, ensuring compliance with local agency laws and protecting both parties' interests.
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.
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.
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.
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.
Tenancy Contract Cancellation
A UAE-compliant agreement for the formal termination of a tenancy contract, outlining termination terms and settlement conditions under UAE law.
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.
Severance And Release Agreement
A UAE law-governed agreement that documents employment termination terms, severance payments, and mutual releases between employer and employee.
Termination Waiver Agreement
A UAE-governed agreement documenting an employee's waiver of certain termination-related rights and any associated settlement terms.
Real Estate Termination Agreement
UAE-governed agreement for formally terminating real estate contracts while ensuring compliance with local property laws and regulations.
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.
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.
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.
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.
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.
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.
Contract Cancellation Agreement
A UAE law-governed agreement that formally terminates an existing contract between parties, settling obligations and providing mutual releases.
Mutual Termination Agreement
UAE-compliant agreement documenting mutual consent between employer and employee to terminate employment relationship, including settlement terms and mutual releases.
Employee Exit Agreement
A UAE-compliant agreement documenting employment termination terms, final settlements, and post-employment obligations under UAE Labor Law.
Exit Agreement
UAE-governed agreement that formalizes employment termination and defines separation terms under UAE Labor Law.
Download our whitepaper on the future of AI in Legal
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.
Read our Privacy Policy.