Alberta Transfer of Limited Partnership Units

Wind up a general partnership in the Province of Alberta with this Partnership Dissolution Agreement.

• One partner buys out the interest of the other partner and assumes the partnership's debts and obligations.
• The remaining partner then continues to carry on the business of the partnership as a sole proprietorship.
• This is a fully editable template which can be easily customized to fit your circumstances.

Download the Alberta Partnership Dissolution Agreement for signature by you and your partners.

Facilitate the exit of a partner and deal with their partnership interest with this Partnership Exit Agreement for an Alberta limited partnership.

• The exiting partner's interest will be purchased by the general partner and the partnership.
• Once the sale of its interest is complete, the exiting partner is relieved of its rights and obligations under the Partnership Agreement.
• The purchasers will use best efforts to obtain a release of any guarantees of the partnership's debts given by the exiting partner and will indemnify the exiting partner against any claims or damages.
• This legal form template is available in MS Word format and is fully editable to meet your specific needs.
• Intended for use only in the Province of Alberta, Canada.

Transfer ownership of units in a limited partnership in Canada with this template Bill of Sale for Limited Partnership Units.

• Under the Bill of Sale, the seller transfers the units to the buyer free and clear of any encumbrances, liens or rights of third parties to acquire an ownership interest.
• The buyer and seller agree to exchange mutual releases with respect to the purchase and sale of the units.
• The seller also releases the Limited Partnership from any claims.
• Available as a fully editable MS Word download.
• Intended to be used only in Canada.