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Termination And Disbursements Of Assets
TERMINATION AND DISBURSEMENTS OF ASSETS
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:
[Description of submission]. If the agreement of partnership is to be terminated or if the partnership is to be reorganized, all assets of the partnership will be used to cover and pay incurred debts, after which assets will be disbursed to all partners in accordance with partners interest in the partnership.
Partner Dated
Partner Dated
Witness Dated