Legal Forms
To search for a particular term please use the following search box.
Important Notice : Lawyerintl.com strongly recommends that you seek independent legal advice from a qualified lawyer before using any of the forms on this site, in order that you can verify the forms are suitable for your needs.
Disbursements Upon Termination Of Contract
DISBURSEMENTS UPON TERMINATION OF CONTRACT
As a legally binding addendum and amendment to our partnership agreement dated [Date of agreement] we, [Name of first partner] and [Name of second partner] submit the following:
Upon termination of the contract of partnership, each and every partner will repay any and all money that was advanced to partners by the partnership, and any other moneys that are owed the partnership by a partner and any interest due on those loans or advancements. The moneys and or assets will then be liquidated and disbursed to partners so long as debts to partnerships have been repaid.
Partner Dated
Partner Dated
Witness Date