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1. Parties: Identification of all partners involved in the separation, including their full legal names, addresses, and any relevant registration numbers
2. Background: Brief history of the partnership, reason for separation, and current status of the business
3. Definitions: Definitions of key terms used throughout the agreement
4. Effective Date: Specification of when the separation takes effect and any relevant transition periods
5. Financial Settlement: Details of the financial settlement between partners, including capital accounts, profit distribution, and payment terms
6. Asset Division: Comprehensive breakdown of how partnership assets will be divided or transferred
7. Liabilities and Debts: Allocation of existing liabilities and debts between partners
8. Client and Contract Assignment: Agreement on the division or transfer of existing clients and contracts
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Non-Compete and Non-Solicitation: Restrictions on future business activities and client/employee solicitation
11. Release and Indemnification: Mutual release of claims and indemnification provisions
12. Dispute Resolution: Procedures for resolving any disputes arising from the agreement
13. Governing Law: Specification of UAE law as governing law and relevant jurisdiction
14. General Provisions: Standard clauses including severability, entire agreement, and amendments
1. Intellectual Property Rights: Required when the partnership owns or has developed intellectual property that needs to be allocated
2. Ongoing Projects: Needed when there are incomplete projects that require handling post-separation
3. Employee Matters: Include when the partnership has employees whose status needs to be addressed
4. International Operations: Required for partnerships with international business operations or assets
5. Tax Matters: Include detailed tax provisions when there are significant tax implications
6. Property Leases: Required when there are commercial property leases that need to be assigned or terminated
7. Insurance Matters: Include when there are insurance policies that need to be addressed
8. Bank Accounts and Banking Arrangements: Required when there are complex banking arrangements that need special attention
1. Schedule 1 - Asset Inventory: Detailed list of all partnership assets and their agreed values
2. Schedule 2 - Financial Statements: Current financial statements and balance sheet of the partnership
3. Schedule 3 - Client List: Complete list of clients and their allocation between partners
4. Schedule 4 - Outstanding Liabilities: Detailed list of all partnership liabilities and their allocation
5. Schedule 5 - Intellectual Property Register: List of all IP rights and their disposition
6. Schedule 6 - Payment Schedule: Detailed schedule of any payments to be made between partners
7. Appendix A - Resignation Letters: Template or copies of formal resignation letters from relevant positions
8. Appendix B - Transfer Documents: Forms and documents required for transferring assets or shares
Professional Services
Real Estate
Construction
Trading
Technology
Manufacturing
Retail
Hospitality
Healthcare
Financial Services
Consulting
Media and Entertainment
Education
Logistics and Transportation
Legal
Finance
Compliance
Corporate Governance
Operations
Business Development
Administrative
Risk Management
Strategy
Executive Leadership
Managing Partner
CEO
Business Owner
Legal Director
Chief Financial Officer
Corporate Lawyer
Business Development Director
Managing Director
Company Secretary
Finance Manager
Compliance Officer
Operations Director
Board Member
General Counsel
Partnership Manager
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