tiktok³ÉÈ˰æ

Business Separation Agreement Template for New Zealand

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

4.6 / 5
4.8 / 5

Let's create your Business Separation 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:

Business Separation Agreement

"I need a Business Separation Agreement for splitting a technology consulting partnership in New Zealand, where one partner will retain the existing client base and IP rights while the other partner will establish a new business focusing on different market segments, with the separation to be completed by March 2025."

Document background
The Business Separation Agreement is a crucial document used when two or more business entities, partners, or operations need to formally separate their interests and activities. This document is particularly relevant in New Zealand's commercial landscape, where it must comply with local legislation including the Companies Act 1993, Contract and Commercial Law Act 2017, and Fair Trading Act 1986. It's commonly used in situations such as demergers, partnership dissolutions, business restructuring, or division of joint ventures. The agreement comprehensively addresses all aspects of separation including asset division, liability allocation, employee transfers, intellectual property rights, customer contracts, and ongoing obligations between parties. It provides a clear framework for implementing the separation while minimizing business disruption and potential disputes.
Suggested Sections

1. Parties: Identifies all parties to the agreement, including their legal names, addresses, and company details

2. Background: Outlines the history of the business relationship and reasons for separation

3. Definitions: Defines key terms used throughout the agreement

4. Effective Date and Separation Timeline: Specifies when the separation takes effect and key milestone dates

5. Asset Division: Details how business assets will be divided between the parties

6. Liabilities and Debt Allocation: Specifies how existing debts and liabilities will be allocated

7. Customer and Contract Division: Outlines how existing customer relationships and contracts will be allocated

8. Financial Settlement: Details any financial payments or settlements between the parties

9. Employee Matters: Addresses the allocation of employees and related obligations

10. Confidentiality: Establishes ongoing confidentiality obligations

11. Non-Compete and Non-Solicitation: Sets out restrictions on future business activities and customer/employee solicitation

12. Mutual Release: Contains mutual releases from future claims

13. Dispute Resolution: Outlines the process for resolving any disputes

14. General Provisions: Includes standard boilerplate clauses like governing law, notices, and amendments

Optional Sections

1. Intellectual Property Rights: Detailed section for businesses with significant IP assets requiring specific division or licensing arrangements

2. International Operations: Additional provisions for businesses operating across multiple jurisdictions

3. Shared Services Agreement: Provisions for continuing shared services during a transition period

4. Tax Matters: Specific tax-related provisions for complex tax situations

5. Brand and Trading Names: Specific provisions for the division or use of business names and brands

6. Data Protection and Privacy: Detailed provisions for handling customer and business data post-separation

7. Warranties and Representations: Additional warranties where specific assurances are required

8. Insurance Matters: Provisions dealing with existing insurance policies and future coverage

9. Environmental Liabilities: For businesses with potential environmental obligations or risks

10. Pension and Benefits: For businesses with shared pension schemes or employee benefits

Suggested Schedules

1. Schedule 1 - Asset Register: Detailed list of all assets being divided, including values and allocation

2. Schedule 2 - Contracts Register: List of all contracts and their allocation between parties

3. Schedule 3 - Employee Register: List of employees and their allocation between parties

4. Schedule 4 - Intellectual Property Register: Detailed list of IP assets and their allocation

5. Schedule 5 - Financial Settlement Terms: Detailed payment terms and calculations

6. Schedule 6 - Transition Plan: Detailed timeline and responsibilities for implementing the separation

7. Schedule 7 - Shared Services Agreement: Details of any ongoing shared services arrangements

8. Schedule 8 - Property Details: Details of real property allocation and any lease arrangements

9. Appendix A - Required Corporate Resolutions: Forms of corporate resolutions required to effect the separation

10. Appendix B - Form of Mutual Release: Detailed form of mutual release between parties

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

Manufacturing

Professional Services

Retail

Technology

Construction

Healthcare

Financial Services

Hospitality

Real Estate

Agriculture

Mining

Education

Transport and Logistics

Media and Entertainment

Relevant Teams

Legal

Finance

Corporate Advisory

Human Resources

Operations

Risk Management

Compliance

Corporate Secretariat

Business Development

Strategic Planning

Asset Management

Commercial Operations

Relevant Roles

Chief Executive Officer

Managing Director

Chief Financial Officer

Chief Legal Officer

Chief Operating Officer

Corporate Lawyer

Business Development Director

Finance Director

Company Secretary

Risk Manager

Commercial Director

Human Resources Director

Operations Manager

Partnership Manager

Business Owner

Restructuring Manager

Corporate Advisory Manager

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

Therapeutic Separation Contract

A New Zealand-governed agreement establishing terms for a therapeutic separation period, combining legal separation requirements with structured relationship intervention protocols.

find out more

Corporate Separation Agreement

A New Zealand-governed agreement that establishes the terms and conditions for separating corporate entities, including asset division, liabilities, and ongoing obligations.

find out more

Joint Separation Agreement

A legally binding agreement under New Zealand law that documents the terms of separation between partners, including property division and related arrangements.

find out more

Partial Separation Agreement

A New Zealand legal document that formalizes agreed aspects of a separation while leaving other matters for future resolution, operating under NZ relationship property law.

find out more

Final Separation Agreement

A legally binding agreement under New Zealand law that formalizes property division and financial arrangements between separating couples.

find out more

Trial Separation Agreement

A New Zealand legal document establishing temporary arrangements between separating couples who wish to live apart while considering their relationship's future.

find out more

Separation And Property Settlement Agreement

A New Zealand legal agreement that formalizes separation terms and property division between separating couples under NZ law.

find out more

Company Separation Agreement

A New Zealand-governed agreement that formally establishes the terms and conditions for separating business entities or divisions, including asset division and ongoing obligations.

find out more

Business Separation Agreement

A New Zealand-governed agreement that formally establishes the terms and conditions for separating business entities, including division of assets, liabilities, and operational responsibilities.

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.