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Partnership Share Transfer Agreement
"I need a Partnership Share Transfer Agreement for my accounting firm in Dublin, where I'm selling my 25% partnership share to an existing junior partner, with completion scheduled for March 15, 2025."
1. Parties: Identifies and defines the transferor (selling partner), transferee (buying partner), and the partnership entity
2. Background: Recitals explaining the current partnership structure, reason for transfer, and context of the transaction
3. Definitions: Defines key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transfer, including the partnership interest being transferred
5. Consideration: Details of the purchase price and payment terms
6. Completion: Specifies the completion date and mechanics of the transfer
7. Seller's Warranties: Standard warranties regarding ownership, authority to sell, and status of the partnership interest
8. Buyer's Warranties: Standard warranties regarding authority to purchase and financial capacity
9. Partnership Consent: Confirmation of partnership and other partners' consent to the transfer
10. Confidentiality: Obligations regarding confidential information
11. Tax Matters: Provisions dealing with tax liabilities and indemnities
12. Notices: Process for sending formal notices under the agreement
13. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, and entire agreement
1. Deferred Consideration: Required when part of the purchase price is to be paid at a later date or is contingent
2. Security Arrangements: Needed when there are specific security arrangements for deferred payments
3. Non-Competition: Include when the selling partner needs to be restricted from competing
4. Continued Involvement: Required when the selling partner will maintain some role in the partnership
5. Third Party Consents: Include when specific third-party approvals are required for the transfer
6. Intellectual Property Rights: Needed when IP rights are specifically affected by the transfer
7. Employee Matters: Include when the transfer affects employment relationships
8. Debt and Encumbrances: Required when there are specific arrangements regarding partnership debts
9. Post-Completion Adjustments: Include when the consideration may be adjusted based on future events or calculations
1. Partnership Interest Details: Detailed description of the partnership interest being transferred
2. Consideration Calculation: Detailed breakdown of how the purchase price was calculated
3. Partnership Agreement: Copy of the current partnership agreement
4. Completion Requirements: Detailed list of documents and actions required for completion
5. Specific Warranties: Detailed warranties beyond the standard warranties in the main agreement
6. Partnership Assets: Schedule of key partnership assets affected by the transfer
7. Outstanding Liabilities: List of partnership liabilities relevant to the transfer
8. Required Consents: List of all required consents and their status
9. Existing Security Interests: Details of any security interests affecting the partnership interest
Authors
Legal Services
Accounting & Professional Services
Medical Practices
Consulting Services
Architecture & Design
Engineering Services
Real Estate
Investment Management
Financial Services
Veterinary Practices
Legal
Finance
Corporate Secretariat
Compliance
Tax
Risk Management
Corporate Development
Business Development
Partnership Administration
Executive Leadership
Managing Partner
Senior Partner
Partnership Secretary
Legal Counsel
Corporate Lawyer
Tax Director
Chief Financial Officer
Finance Director
Business Development Director
Compliance Officer
Partnership Administrator
Risk Manager
Managing Director
Chief Executive Officer
Corporate Secretary
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