About this document
What this document is
A written agreement used by partners in Kenya to formally end a partnership and document the agreed wind-down arrangements.
Purpose
This template helps partners set out the dissolution date, settlement of debts, division of assets, final accounts and post-dissolution obligations.
Key components
- Parties and partnership details
- Background and dissolution decision
- Cessation of business and authority limits governing operations during the wind-down
- Final accounts and process for preparing, reviewing and approving partnership finances
- Assets and liabilities schedule
- Distribution and settlement terms
- Client, employee and contract arrangements
- Business name, intellectual property and records provisions covering continuing use and custody
- Tax, regulatory and public notice obligations requiring appropriate filings and notifications
- Mutual releases and indemnities defining post-dissolution risk allocation
- Confidentiality, dispute resolution and governing law provisions
- Execution blocks for the partners and witnesses
Document preview
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