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Partnership Share Transfer Agreement Template for Ireland

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Key Requirements PROMPT example:

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."

Document background
A Partnership Share Transfer Agreement is a crucial document used when one partner wishes to transfer their partnership interest to another party, whether an existing partner or a new incoming partner. This agreement is particularly important in the Irish legal context, where partnership transfers must comply with the Partnership Act 1890 and related legislation. The document typically includes detailed provisions about the transfer price, payment terms, warranties from both parties, consent requirements from other partners, and completion mechanics. It also addresses tax implications under Irish law, particularly capital gains tax considerations. The agreement serves multiple purposes: it documents the transfer terms, protects both parties' interests, ensures compliance with partnership agreement requirements, and maintains the partnership's legal integrity under Irish law. This type of agreement is commonly used in professional services firms, medical practices, and other business partnerships where ownership changes need to be formally documented and legally secured.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ 红杏直播 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses








































Relevant Industries

Legal Services

Accounting & Professional Services

Medical Practices

Consulting Services

Architecture & Design

Engineering Services

Real Estate

Investment Management

Financial Services

Veterinary Practices

Relevant Teams

Legal

Finance

Corporate Secretariat

Compliance

Tax

Risk Management

Corporate Development

Business Development

Partnership Administration

Executive Leadership

Relevant Roles

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

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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