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Retirement Deed
Views : 635
A Deed where one partner leaving the partnership firm
Font Arial 11
Page Count 4
Word count 1269
Price: 149
  1. This Retirement Deed has been drafted to cover the situation where one Person from the partnership firm has decided to resign and leave the partnership firm.
  2. This covers the clauses which need to be taken care of in this type of Deed like
    • Remaining partner shall be entitled to run the business,
    • Retiring partner assigns and transfer all his rights and interest in the partnership firm,
    • Interest payable to retiring partner in case continuing partner fails to pay consideration to the retiring partner,
    • Notification in the official gazette regarding the retirement of the partner etc.
  3. It also covers general legal provisions such as Service of Notices, and Jurisdiction etc.
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