This template provides a comprehensive agreement to set out the terms of the sale or assignment of an interest or percentage in a partnership business. It provides clauses for both the incoming partner to be an active partner, or a sleeping partner. The agreement also includes provisions for the payment of the purchase price, the transfer of partnership interest, and the obligations of the parties involved. This template is an essential tool to ensure the smooth transfer of partnership interest.

Word Format; Font: Ariel; Size 12pts.
8 pages; 18 main clauses and relevant subclauses. Short, simple and to the point. Suitable for any business that is operating as a partnership.