tiktok³ÉÈ˰æ

Deed Of Dissolution Of Partnership Firm Template for Nigeria

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

4.6 / 5
4.8 / 5

Let's create your Deed Of Dissolution Of Partnership Firm

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:

Deed Of Dissolution Of Partnership Firm

"I need a Deed of Dissolution of Partnership Firm for a three-partner legal practice in Lagos, Nigeria, where one partner is retiring on March 1, 2025, and the remaining partners will continue the practice under a new partnership agreement."

Document background
The Deed of Dissolution of Partnership Firm is a crucial document used when partners decide to formally terminate their business relationship in Nigeria. This document becomes necessary when partners agree to dissolve their partnership due to various reasons such as retirement, disagreement, completion of business purpose, or mutual decision to end the business relationship. The deed is governed by Nigerian partnership law, particularly the Partnership Act and relevant state legislation. It comprehensively addresses all aspects of partnership dissolution, including asset distribution, liability settlement, partner obligations, and necessary legal compliance requirements. The document serves as legal evidence of the partnership's termination and protects all parties' interests by clearly defining their rights and responsibilities during and after the dissolution process. It must comply with Nigerian stamp duty requirements and should be properly executed to be legally enforceable.
Suggested Sections

1. Parties: Identification of all partners and the partnership firm, including their full names, addresses, and registration details

2. Background: Recitals describing the partnership's formation, reference to original partnership deed, and reasons for dissolution

3. Definitions: Definitions of key terms used throughout the deed

4. Date of Dissolution: Clear statement of the effective date of dissolution

5. Settlement of Accounts: Provisions for final accounting and settlement of partnership accounts

6. Distribution of Assets: Detailed provisions for the distribution of partnership assets among partners

7. Payment of Liabilities: Arrangements for payment of partnership debts and liabilities

8. Partner Releases: Mutual releases between partners from future claims relating to the partnership

9. Confidentiality: Obligations regarding confidential information post-dissolution

10. Notice to Third Parties: Requirements for notifying creditors, clients, and relevant authorities

11. Governing Law: Specification of Nigerian law as governing law

12. Execution: Formal execution clause meeting requirements for deeds under Nigerian law

Optional Sections

1. Non-Compete Provisions: Restrictions on partners' future business activities, if agreed upon

2. Intellectual Property Rights: Special provisions for handling IP rights if the partnership owned intellectual property

3. Outstanding Legal Proceedings: Provisions for handling any ongoing litigation or legal claims

4. Employee Matters: Provisions dealing with employees if the partnership had staff

5. Insurance Matters: Provisions for maintaining or terminating insurance policies

6. Tax Indemnities: Specific indemnities relating to tax liabilities

7. Continuing Business: Provisions if one or more partners will continue the business

8. Bank Accounts: Specific provisions for closing or transferring partnership bank accounts

Suggested Schedules

1. Schedule 1 - Asset Register: Comprehensive list of partnership assets and their agreed values

2. Schedule 2 - Liabilities Register: List of all partnership liabilities and payment arrangements

3. Schedule 3 - Distribution Plan: Detailed plan showing distribution of assets and liabilities among partners

4. Schedule 4 - Final Accounts: Final balance sheet and profit/loss statement of the partnership

5. Schedule 5 - Partner Capital Accounts: Statement of partners' capital accounts and adjustments

6. Appendix A - Original Partnership Deed: Copy of the original partnership deed for reference

7. Appendix B - Valuation Reports: Any professional valuations of partnership assets

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

Legal Services

Accounting & Financial Services

Real Estate

Retail & Commercial

Construction

Healthcare

Consulting

Agriculture

Manufacturing

Technology

Hospitality

Relevant Teams

Legal

Finance

Compliance

Corporate Secretarial

Risk Management

Tax

Business Development

Operations

Administration

Relevant Roles

Managing Partner

Senior Partner

Business Owner

Legal Counsel

Company Secretary

Chief Financial Officer

Financial Controller

Business Manager

Compliance Officer

Partnership Administrator

Risk Manager

Account Manager

Tax Advisor

Business Development Director

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

Deed Of Dissolution Of Partnership Firm

A formal legal document under Nigerian law that terminates a partnership arrangement and sets out terms for winding up the partnership's affairs.

find out more

Partnership Agreement Letter

A legally binding document under Nigerian law that establishes and governs business partnerships, outlining key terms and responsibilities between partners.

find out more

Term Sheet Partnership Agreement

A Nigerian law-governed preliminary agreement outlining key terms and conditions for a proposed partnership arrangement, serving as a basis for final documentation.

find out more

Private Limited Company Partnership Agreement

A Nigerian law-governed agreement establishing partnership terms and conditions for shareholders in a private limited company.

find out more

Partnership Agreement For Hotel Business

A Nigerian law-governed agreement establishing a partnership structure for hotel business operations, defining partners' rights, responsibilities, and operational framework.

find out more

Ending Partnership Agreement

A legal agreement for dissolving a business partnership under Nigerian law, detailing terms of separation and asset distribution.

find out more

Technology Partner Agreement

A Nigerian law-governed agreement establishing terms and conditions for technology partnerships, ensuring compliance with local technology and data protection regulations.

find out more

Precedent Partnership Agreement

A Nigerian law-governed agreement establishing the terms and conditions for business partnerships, including partner rights, obligations, and operational framework.

find out more

Reseller Partnership Agreement

A Nigerian law-governed agreement establishing terms and conditions between a supplier/manufacturer and reseller for product distribution and sales.

find out more

Contract For LLC Partnership

Nigerian law-compliant agreement establishing an LLC Partnership structure, defining partner rights and obligations under CAMA 2020.

find out more

Joint Venture Partnership Agreement

A Nigerian law-governed agreement establishing a joint venture partnership, defining business collaboration terms and partner obligations.

find out more

Reseller Agreement For Software Products

Nigerian-law governed agreement authorizing a reseller to distribute and sell specified software products within Nigeria, subject to defined terms and local regulations.

find out more

Deed Of Partnership Between Two Partners

A legally binding partnership agreement between two partners under Nigerian law, establishing the terms and conditions for their business relationship.

find out more

Business Alliance Agreement

A Nigerian law-governed agreement establishing a strategic business relationship between parties, defining their alliance terms, responsibilities, and mutual obligations.

find out more

Distributorship Contract

A Nigerian law-governed agreement establishing terms and conditions for product distribution relationships between suppliers and distributors in Nigerian territory.

find out more

Land Partnership Agreement

A Nigerian law-governed agreement establishing partnership arrangements for land ownership, development, or utilization, incorporating Land Use Act requirements and partnership provisions.

find out more

Joint Venture Proposal

A Nigerian law-governed proposal document outlining the framework and terms for establishing a joint venture between multiple parties, including structure, contributions, and operational arrangements.

find out more

Partnership Deed

A legal agreement under Nigerian law establishing and regulating a business partnership, detailing partners' rights, responsibilities, and operational framework.

find out more

Silent Partner Contract

A Nigerian law-governed agreement establishing terms between active business partners and a silent investor, detailing investment, profit sharing, and liability limitations.

find out more

Partnership Agreement For Restaurant Business

A Nigerian law-governed agreement establishing a partnership structure for restaurant business operations, defining partner rights, responsibilities, and operational framework.

find out more

Memorandum Of Understanding For Business Partnership

A preliminary partnership framework document under Nigerian law that outlines proposed terms and conditions for business collaboration between parties.

find out more

Limited Partnership Contract

A Nigerian law-governed agreement establishing a limited partnership structure, defining roles, responsibilities, and relationships between general and limited partners.

find out more

Venture Partner Agreement

A Nigerian law-governed agreement establishing the relationship and terms between a venture capital firm and a venture partner, including roles, responsibilities, and compensation arrangements.

find out more

Temporary Partnership Agreement

A Nigerian law-governed agreement establishing a temporary partnership between parties for a specific duration or project, outlining key terms and responsibilities.

find out more

Technical Partnership Agreement

A Nigerian law-governed agreement establishing technical collaboration between parties, ensuring compliance with NOTAP requirements and local content laws.

find out more

Strategic Alliance Partnership Agreement

A Nigerian law-governed agreement establishing a strategic partnership between independent entities, defining their collaboration terms and mutual obligations.

find out more

Startup Partnership Agreement

A Nigerian law-governed agreement establishing the terms and conditions of a startup partnership, including ownership, management, and operational provisions.

find out more

Software Partnership Agreement

A Nigerian law-governed agreement establishing partnership terms for software development and distribution, including IP rights, profit sharing, and operational responsibilities.

find out more

Shareholders Agreement Joint Venture

A Nigerian law-governed agreement establishing terms and conditions between joint venture shareholders, including governance, rights, and obligations under CAMA 2020.

find out more

Service Partner Agreement

A Nigerian law-governed agreement establishing terms and conditions between a company and its service partner for the provision of specific services.

find out more

Revenue Share Partnership Agreement

A Nigerian law-governed agreement establishing a partnership arrangement with revenue sharing terms between multiple parties.

find out more

Restaurant Profit Sharing Agreement

A Nigerian law-governed agreement establishing profit-sharing arrangements between parties in a restaurant business, including calculation methods and distribution terms.

find out more

Salaried Partner Agreement

A Nigerian law-governed agreement establishing terms and conditions for appointment of a salaried partner in a professional services firm.

find out more

Real Estate Limited Partnership Agreement

A Nigerian law-governed agreement establishing a limited partnership structure for real estate investment, defining partner relationships, capital contributions, and management rights.

find out more

Real Estate Joint Venture Agreement

A comprehensive agreement establishing a real estate joint venture in Nigeria, outlining parties' rights, obligations, and profit-sharing arrangements under Nigerian law.

find out more

Property Partnership Agreement

A Nigerian law-governed agreement establishing partnership arrangements for property ownership, development, or management, detailing partners' rights, responsibilities, and operational framework.

find out more

Profit Sharing Agreement In Business Partnership

A Nigerian law-governed agreement establishing profit sharing terms and conditions between business partners, including distribution mechanisms and partner obligations.

find out more

Profit And Loss Partnership Agreement

A Nigerian law-governed agreement establishing a partnership between parties, defining profit-sharing, management, and operational terms.

find out more

Product Partnership Agreement

A Nigerian law-governed agreement establishing terms and conditions for product-based partnerships between organizations, including commercial and operational frameworks.

find out more

Preferred Partner Agreement

A Nigerian law-governed agreement establishing a preferential business relationship between parties, defining terms of partnership and commercial arrangements.

find out more

Pre Partnership Agreement

A preliminary agreement under Nigerian law that outlines the intended terms and conditions for establishing a business partnership, serving as a framework for subsequent formal partnership formation.

find out more

Partnership Contribution Agreement

A Nigerian law-governed agreement that formalizes partner contributions to a partnership, including monetary and non-monetary assets, and establishes related rights and obligations.

find out more

Non Equity Partnership Agreement

A Nigerian law-governed agreement establishing a partnership based on expertise and service contributions rather than equity investment.

find out more

Media Partner Agreement

A Nigerian law-governed agreement template for establishing media partnerships and content sharing arrangements, ensuring compliance with local broadcasting and media regulations.

find out more

Livestock Partnership Agreement

A Nigerian law-governed agreement establishing a partnership for livestock farming operations, defining ownership, management, and operational terms.

find out more

Lifetime Partnership Agreement

A Nigerian law-governed agreement establishing a permanent partnership arrangement, detailing management, profit sharing, and succession planning for long-term business relationships.

find out more

Letter Of Intent Joint Venture

A preliminary document under Nigerian law outlining the intended terms and conditions for establishing a joint venture between two or more parties.

find out more

Joint Partnership Agreement

A Nigerian law-governed agreement establishing a formal partnership between parties, defining their rights, obligations, and operational framework.

find out more

Joint Venture Mining Agreement

A Nigerian law-governed agreement establishing a joint venture between parties for mining operations, including operational, financial, and compliance arrangements.

find out more

Implementation Partner Agreement

A Nigerian law-governed agreement establishing terms for implementation partner services, including project delivery, compensation, and compliance requirements.

find out more

General Cooperation Agreement

A Nigerian law-governed agreement establishing terms and framework for business cooperation between multiple parties.

find out more

Family Partnership Agreement

A Nigerian law-governed agreement establishing and regulating a business partnership between family members, including ownership, management, and succession terms.

find out more

Equity Partnership Agreement

A Nigerian law-governed agreement establishing partnership terms, capital contributions, and operational framework between business partners.

find out more

Entertainment Partnership Agreement

A Nigerian law-governed agreement establishing partnership terms between entertainment industry entities, covering operations, rights, and profit sharing.

find out more

Distribution Partnership Agreement

A Nigerian law-governed agreement establishing terms and conditions for product distribution partnerships between suppliers and distributors.

find out more

Delivery Partnership Agreement

A Nigerian law-governed agreement establishing terms and conditions for delivery service partnerships, including operational procedures and compliance requirements.

find out more

Commission Partnership Agreement

A Nigerian law-governed agreement establishing terms and conditions for commission-based partnership arrangements, including revenue sharing, territorial rights, and operational responsibilities.

find out more

Collaboration Agreement Letter

A formal letter agreement under Nigerian law that establishes terms and conditions for business collaboration between parties.

find out more

Collaboration Agreement Between Two Companies

A Nigerian law-governed agreement establishing terms and conditions for collaboration between two companies, including operational, financial, and legal aspects of the partnership.

find out more

Club Partnership Agreement

A legally binding agreement under Nigerian law that establishes partnership terms and governance structure for club ownership and operation.

find out more

Channel Partner Agreement

A Nigerian law-governed agreement establishing terms and conditions between a principal company and its channel partner for product/service distribution in Nigeria.

find out more

Business Proposal Letter Of Intent For Business Partnership

A preliminary business document under Nigerian law outlining proposed terms and conditions for potential business partnership arrangements.

find out more

Brand Partnership Agreement

A Nigerian law-governed agreement establishing terms and conditions for brand collaboration between partners, including brand usage rights, marketing initiatives, and revenue sharing arrangements.

find out more

Business Co Ownership Agreement

A Nigerian law-governed agreement establishing terms and conditions for joint business ownership between two or more parties.

find out more

Business Agreement Between Two Companies

A standard business-to-business agreement template compliant with Nigerian law, designed for commercial transactions between companies.

find out more

Artist Collaboration Agreement

A Nigerian law-governed agreement establishing terms and conditions for artistic collaboration, including IP rights, revenue sharing, and creative responsibilities.

find out more

50 50 Profit Sharing Agreement

A Nigerian law-governed agreement establishing a 50-50 profit-sharing arrangement between parties, detailing profit calculation and distribution terms.

find out more

50 50 Partnership Agreement

A Nigerian law-governed agreement establishing an equal (50-50) partnership between two parties, defining equal rights, responsibilities, and profit-sharing arrangements.

find out more

80 20 Partnership Agreement

Nigerian law-compliant partnership agreement template establishing an 80/20 profit-sharing structure with comprehensive operational and management provisions.

find out more

60 40 Partnership Agreement

A Nigerian law-governed partnership agreement establishing a 60-40 ownership structure between partners, defining their rights, responsibilities, and profit-sharing arrangements.

find out more

Business Percentage Agreement

A Nigerian law-governed agreement that establishes percentage-based business relationships, defining calculation methods, payment terms, and mutual obligations between parties.

find out more

General Partnership Contract

A Nigerian law-governed agreement establishing a general partnership, defining partners' rights, responsibilities, and business operations.

find out more

Real Estate Development Joint Venture Term Sheet

A Nigerian law-governed term sheet outlining key commercial terms for real estate development joint ventures, serving as the basis for a detailed JV agreement.

find out more

Capital Contribution Partnership Agreement

A Nigerian law-governed agreement establishing partnership terms and capital contribution arrangements between partners, including rights, obligations, and profit-sharing mechanisms.

find out more

Property Joint Venture Agreement

A Nigerian law-governed agreement establishing a joint venture between multiple parties for property development or management, outlining rights, obligations, and operational framework.

find out more

Development Partnership Agreement

A legal framework for development partnerships in Nigeria, establishing collaboration terms and ensuring compliance with local regulations.

find out more

Three Way Partnership Agreement

A Nigerian law-governed agreement establishing a formal partnership between three parties, defining their rights, obligations, and operational framework.

find out more

Farming Partnership Agreement

A Nigerian law-governed agreement establishing a partnership between parties for agricultural farming operations, outlining terms for joint farming ventures and operational responsibilities.

find out more

Partner Separation Agreement

A Nigerian law-governed agreement that formalizes partnership dissolution and outlines separation terms between business partners.

find out more

Construction Partnership Agreement

A Nigerian law-governed agreement establishing a partnership between construction entities, defining their joint operations, responsibilities, and profit-sharing arrangements.

find out more

Construction Joint Venture Agreement

A Nigerian law-governed agreement establishing a joint venture between parties for construction projects, detailing contributions, operations, and risk allocation.

find out more

Joint Venture Memorandum Of Understanding

A preliminary agreement under Nigerian law outlining proposed terms and structure for a joint venture collaboration between multiple parties.

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.