Ask a lawyer
Our attorneys are here for you.
Make your Free
Liquidation Agreement
There are many reasons for ending a business partnership, but whatever they happen to be, a Liquidation Agreement can help make the process easier. With this document you can outline the details of... Read More
How It Works
Create your document
Answer a few simple questions to make your document in minutes
Save, print & share
Save progress and finish on any device; download & print anytime
Sign & make it legal
Securely sign online and invite others to sign
Making a Liquidation Agreement
-
What is a Liquidation Agreement?
There are many reasons for ending a business partnership, but whatever they happen to be, a Liquidation Agreement can help make the process easier. With this document you can outline the details of the end of a specific relationship. A Liquidation Agreement can help you and your partners settle things fairly.
Use the Liquidation Agreement document if:
- You want to end a business partnership.
- One of your partners wants out of the business.
- You manage a company that has joint business owners.
A Liquidation Agreement is an agreement between two or more partners to end a business partnership. By entering into this agreement, you will not immediately terminate the partnership, but instead the partnership will continue until the "winding up" of the business is concluded. "Winding up" is the process of paying off all debts of the business, distributing the remaining assets among the partners, and terminating the partnership's legal existence. If the original partnership agreement doesn't outline the terms of liquidation, a Liquidation Agreement may help to prevent disputes about the partners' entitlements and responsibilities.
Other names for this document: Partnership Dissolution Agreement
WHY ROCKET LAWYER?
Easy legal documents at your fingertips
Answer a few simple questions to make your document in minutes
- Easily customizable
- Make unlimited revisions and copies. Sign digitally. Share and print anytime.
- Legal and reliable
- Our documents are vetted by lawyers and legal staff, so you can use them with confidence.
- Added protection with Document Defense®
- If there's a dispute, an On Call attorney can respond on your behalf. Included in your Premium plan.
- Try Rocket Lawyer free for 7 days
- Make your Premium document today and get back to doing what you love.