tiktok³ÉÈ˰æ

Partner Dissolution 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 Partner Dissolution 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:

Partner Dissolution Agreement

"I need a Partner Dissolution Agreement for a three-person architectural firm in Auckland, where one partner is retiring on March 1, 2025, and we want to ensure a smooth transition of ongoing projects and client relationships."

Document background
The Partner Dissolution Agreement is a critical legal document used when business partners decide to end their partnership arrangement in New Zealand. It becomes necessary when partners choose to terminate their business relationship due to retirement, strategic disagreements, personal circumstances, or other reasons. This document ensures compliance with the New Zealand Partnership Act 1908 and other relevant legislation, providing a structured framework for unwinding the partnership. It covers essential elements such as asset division, liability allocation, client transition arrangements, and ongoing obligations of the parties. The agreement is particularly important as it helps prevent future disputes by clearly documenting the terms of separation and protecting all parties' interests during and after the dissolution process.
Suggested Sections

1. Parties: Identification of all partners involved in the dissolution agreement

2. Background: Context of the partnership, including formation date, business nature, and reason for dissolution

3. Definitions: Key terms used throughout the agreement

4. Effective Date of Dissolution: Specific date when the partnership will be officially dissolved

5. Distribution of Assets: Details of how partnership assets will be divided among partners

6. Settlement of Liabilities: Allocation of responsibility for partnership debts and obligations

7. Final Accounting: Process for conducting final partnership accounting and financial settlements

8. Client and Contract Arrangements: Handling of existing client relationships and ongoing contracts

9. Confidentiality: Ongoing obligations regarding partnership confidential information

10. Non-Competition and Non-Solicitation: Restrictions on partners' future business activities

11. Release and Indemnification: Mutual release of claims and indemnification provisions

12. Dispute Resolution: Process for resolving any disputes arising from the dissolution

13. Governing Law: Specification of New Zealand law as governing law

14. General Provisions: Standard clauses including notices, amendments, and severability

Optional Sections

1. Intellectual Property Rights: Distribution of IP rights when the partnership owns significant intellectual property

2. Employee Arrangements: Required when the partnership has employees who need to be retained or terminated

3. Ongoing Litigation: Handling of pending legal matters and allocation of responsibilities

4. Professional Licenses: Required for professional service partnerships where licenses or certifications are involved

5. Insurance Matters: Handling of insurance policies and ongoing coverage requirements

6. Tax Provisions: Specific tax arrangements and obligations when complex tax matters are involved

7. Transition Services: When partners need to provide transitional support post-dissolution

8. Property Lease Arrangements: Required when dealing with commercial property leases or premises

Suggested Schedules

1. Schedule A - Asset Register: Detailed list of all partnership assets and their agreed distribution

2. Schedule B - Liability Register: Comprehensive list of partnership liabilities and allocation

3. Schedule C - Client List: List of clients and agreed arrangements for their transition

4. Schedule D - Financial Statement: Final partnership financial statements and balance sheet

5. Schedule E - Settlement Payments: Details of any financial settlements between partners

6. Appendix 1 - Valuation Reports: Independent valuations of partnership assets if applicable

7. Appendix 2 - Resignation Letters: Official partner resignation letters and related documents

8. Appendix 3 - Transfer Documents: Legal documents for transferring assets or contracts

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 and Financial Services

Medical Practices

Architecture and Design

Engineering Consultancies

Real Estate

Construction

Retail

Hospitality

Agricultural Services

Technology and Software Development

Management Consulting

Marketing and Advertising

Relevant Teams

Legal

Finance

Compliance

Risk Management

Operations

Business Development

Corporate Secretariat

Executive Leadership

Accounting

Administration

Relevant Roles

Managing Partner

Senior Partner

Junior Partner

CEO

Business Owner

Legal Counsel

General Counsel

Chief Financial Officer

Finance Director

Business Development Director

Operations Manager

Partnership Administrator

Compliance Officer

Risk Manager

Company Secretary

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

Business Partnership Separation Agreement

A New Zealand law-governed agreement that formally documents the dissolution of a business partnership and sets out the terms for separation between partners.

find out more

Partner Dissolution Agreement

A New Zealand-governed agreement that formalizes the dissolution of a business partnership, outlining asset distribution, liabilities, and post-dissolution obligations.

find out more

Joint Venture Dissolution Agreement

A New Zealand law-governed agreement that formally terminates a joint venture and sets out terms for asset distribution, liability settlement, and mutual releases between parties.

find out more

Contract Dissolution Agreement

A New Zealand law-compliant agreement that formally terminates an existing contract between parties, settling all obligations and providing mutual releases.

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.