Withdrawal from General Partnership Agreement

Quebec English Civil law Unannotated Short form

Withdrawal from General Partnership Agreement

  1. Documents

  2. Contrat de retrait de la société en nom... Contrat de retrait de la société en nom collectif

    A03700 -
    Quebec French Civil law Unannotated Long form

    $174.99

    $174.99

  3. $19.99

  4. $19.99

  5. $199.99

  6. Contrat de retrait de la société en nom... Contrat de retrait de la société en nom collectif

    A03750 -
    Quebec French Civil law Unannotated Short form

    $99.99

    $99.99

  7. $19.99

  8. $19.99

  9. Withdrawal from General Partnership... Withdrawal from General Partnership Agreement

    A03750a -
    Quebec English Civil law Unannotated Short form

    $99.99

    $99.99

  10. Withdrawal from General Partnership... Withdrawal from General Partnership Agreement

    A03700a -
    Quebec English Civil law Unannotated Long form

    $174.99

    $174.99

Withdrawal from General Partnership Agreement

A partnership agreement, as set out in the Civil Code of Quebec, is the legal instrument that establishes the collaboration between two or more persons, such as for the purposes of operating a business by sharing resources and any resulting profits. This template is the agreement to use when a partner withdraws from the partnership.

In accordance with the applicable provisions of the Civil Code of Quebec, this template sets out the conditions and procedures to follow when a partner withdraws, as well as the defining the effect of the withdrawal on the partnership and the other partners.

Withdrawal from General Partnership Agreement

It is important to note that this document is drafted specifically for the context of a partner withdrawing from a general partnership and not a limited liability partnership.

Withdrawal from General Partnership Agreement

RECITALS
0.00 INTERPRETATION
0.01 Definitions
0.01.01 Activities
0.01.02 Agreement
0.01.03 Breach
0.01.04 Client
0.01.05 Closing Date
0.01.06 Encumber or Encumbrance
0.01.07 Equipment
0.01.08 Financial Statements
0.01.09 Hazardous Materials
0.01.10 Intellectual Property
0.01.11 Loss
0.01.12 Ordinary Course of Business
0.01.13 Partner(s)
0.01.14 PARTNERSHIP
0.01.15 Partnership Agreement
0.01.16 Partnership Interest
0.01.17 Partnership Interest Purchase Agreement
0.01.18 Product
0.01.19 Services
0.01.20 Supplier
0.02 Entire Agreement
0.03 Applicable Law
0.04 Non-Compliance
0.04.01 Severability
0.04.02 Substitute Provision
0.05 Miscellaneous
0.05.01 Cumulative Rights
0.05.02 No Waiver
0.05.03 Time Limits
0.05.04 Financial References
0.05.05 Accounting Standards
1.00 PURPOSE
1.01 Consent to Withdrawal
1.02 Conditions
1.02.01 Required by REMAINING PARTNERS
1.02.02 Required by WITHDRAWING PARTNER
2.00 CONSIDERATION
3.00 TERMS OF PAYMENT
4.00 SECURITY
5.00 MUTUAL REPRESENTATIONS AND WARRANTIES
5.01 Status
5.02 Authority
5.03 Binding Agreement
5.04 Independent Legal Advice
6.00 REPRESENTATIONS AND WARRANTIES OF REMAINING PARTNERS
6.01 Acknowledgement
7.00 REPRESENTATIONS AND WARRANTIES OF WITHDRAWING PARTNER
7.01 Ownership of Partnership Interest
7.02 No Other Interest
7.03 No Adverse Event
7.04 Calculation of Sale Price
7.05 Books and Records
7.06 Compliance
7.07 Human Resources
7.07.01 Labour Standards
7.07.02 Occupational Health and Safety
7.07.03 Collective Bargaining Agreement
7.07.04 Strike or Lockout
7.08 Corporate Finance
7.08.01 Financing Instruments
7.08.02 Leasing Agreements
7.08.03 No Default
7.08.04 No Acceleration
7.09 Financial Management
7.09.01 Financial Statements
7.09.02 Guarantee and Security
7.09.03 Release
7.10 Tax Matters
7.10.01 Income Tax
7.10.02 Filing
7.10.03 Default
7.11 Occupancy Rights
7.11.01 Valid Title to Immovables
7.11.02 Leases
7.12 Procurement
7.12.01 Equipment
a) Ownership
b) Condition
c) Encumbrance
7.12.02 Supply Agreements
7.12.03 Suppliers
7.13 Raw Materials
7.14 Operations
7.14.01 Clients
7.14.02 Finished Products
7.14.03 Warranties
a) List
b) Claims
7.14.04 Product Recalls
7.14.05 Conduct
7.15 Permits and Licences
7.15.01 List
7.15.02 Compliance
7.16 Environmental Matters
7.16.01 Environmental Laws
7.16.02 Hazardous Materials
7.16.03 Notice of Default
7.17 Intellectual Property
7.17.01 List
7.17.02 Claims
7.17.03 Transaction
7.17.04 Copyright
7.17.05 Authorizations
7.17.06 Trademarks
a) Right to Register
b) No Confusion
7.17.07 Patents
7.17.08 Trade Secrets/Know-how
7.18 ICT Assets
7.18.01 Good Working Order
7.18.02 Software
7.18.03 Domain Names
7.19 Material Contracts
7.20 Insurance
7.20.01 List of Policies
7.20.02 Coverage
7.20.03 Claims
7.21 Financial Position
7.21.01 No Changes
7.21.02 Advances
8.00 MUTUAL DUTIES AND OBLIGATIONS
8.01 Continuation of Representations and Warranties
8.02 Indemnification
8.02.01 Scope
8.02.02 Procedure
8.03 Further Assurances
9.00 DUTIES AND OBLIGATIONS OF REMAINING PARTNERS
9.01 Partnership Agreement
9.02 Transfer of Partnership Interest
9.03 Payment of Outstanding Amounts
9.04 Filing Requirements
9.05 Financial Statements
10.00 DUTIES AND OBLIGATIONS OF WITHDRAWING PARTNER
10.01 Intellectual Property
10.01.01 Acknowledgement
10.01.02 Property of PARTNERSHIP
11.00 SPECIAL PROVISIONS
11.01 Assignment
11.01.01 Prohibition
11.01.02 Effect of Breach
11.01.03 Exception
11.02 Relationship Between the PARTIES
12.00 GENERAL PROVISIONS
12.01 Notice
12.02 Choice of Forum
12.03 Amendment
12.04 No Waiver of Rights
12.05 Language
13.00 TERMINATION
14.00 EFFECTIVE DATE
15.00 DURATION
16.00 SCOPE

SCHEDULE 0.01.07 – EQUIPMENT
SCHEDULE 0.01.08 – FINANCIAL STATEMENTS
SCHEDULE 0.01.15 – PARTNERSHIP AGREEMENT
SCHEDULE 0.01.17 – PARTNERSHIP INTEREST PURCHASE AGREEMENT
SCHEDULE 7.04 – CALCULATION OF SALE PRICE
SCHEDULE 7.08.01 – FINANCING INSTRUMENTS
SCHEDULE 7.08.02 – LEASING AGREEMENTS
SCHEDULE 7.11.02 – LEASES
SCHEDULE 7.12.02 – SUPPLY AGREEMENTS
SCHEDULE 7.14.03 – WARRANTIES
SCHEDULE 7.15.01 – PERMITS AND LICENCES
SCHEDULE 7.17.01 – INTELLECTUAL PROPERTY
SCHEDULE 7.19 – MATERIAL CONTRACTS
SCHEDULE 7.20.01 – INSURANCE POLICIES
SCHEDULE 7.20.03 – INSURANCE CLAIMS
SCHEDULE 9.03 – PAYMENT OF OUTSTANDING AMOUNTS

 

 

Withdrawal from General Partnership Agreement

  1. Documents

  2. Contrat de retrait de la société en nom... Contrat de retrait de la société en nom collectif

    A03700 -
    Quebec French Civil law Unannotated Long form

    $174.99

    $174.99

  3. $19.99

  4. $19.99

  5. $199.99

  6. Contrat de retrait de la société en nom... Contrat de retrait de la société en nom collectif

    A03750 -
    Quebec French Civil law Unannotated Short form

    $99.99

    $99.99

  7. $19.99

  8. $19.99

  9. Withdrawal from General Partnership... Withdrawal from General Partnership Agreement

    A03750a -
    Quebec English Civil law Unannotated Short form

    $99.99

    $99.99

  10. Withdrawal from General Partnership... Withdrawal from General Partnership Agreement

    A03700a -
    Quebec English Civil law Unannotated Long form

    $174.99

    $174.99