Assignment #46
December 8th, 2016
NOTICE OF WITHDRAWAL FROM PARTNERSHIP
To: Partners of ____________________________
________________________(the “Withdrawing Partner”) of (Insert address) is a partner in the partnership of ________________________ (the “Partnership”) established for the purpose of ___________________ and formed in accordance with a partnership agreement (the “Partnership Agreement”).
_____________________ desires to voluntarily withdraw from the Partnership. The date of the withdrawal will be on the ________________.
With this document, the Withdrawing Partner gives (notice period in days) notice of withdrawal in writing by registered or certified mail to the other partners at each partner’s last known address.
The Partnership Agreement provides that the exclusive jurisdiction for the enforcement of this matter is the courts of _______________________.
The remaining partners of the Partnership have (period in days), or as otherwise provided in the Partnership Agreement, to provide a buyout offer to the Withdrawing Partner. In the event a buyout offer is not provided within that period, then action must be taken to dissolve and liquidate the Partnership.