Assignment of Partnership Interest

Simply complete the Assignment of Partnership Interest form below then click on View Results to see your completed contract.

Contract Features:

  • The Assignment of Partnership Interest is ideal for the transfer of partnership interest of a general partnership.
  • Full transfer of all existing partner rights and obligations where permitted by the Partnership Agreement.
  • Limited assignment of only the transferable partnership interest.


We regularly maintain this contract. Last Modified: May 2008
Assignment of Partnership Interest Details
Check to Show Hints for Completing this Form

This software has the flexibility to let you quickly create the Assignment of Partnership Interest document you want. It does this by providing many options with appropriate defaults.

One common default is 'Do Not Specify'. This default means that the finished agreement will not have a clause dealing with that topic. The benefit of not specifying is that you get a shorter and simpler document, and in some cases, the issue may not even be applicable; however, the document will be less precise.

If you are unsure of an answer, you can leave the answer blank and a blank line will be inserted in the place of your answer. You will be able to fill in that answer later (but before the contract is signed).
Governing Law

State:
Partnership Information

Partnership Name:

(e.g. XYZ Partnership)
Partnership Purpose:

(e.g. Construction and sale of condominiums)
Partnership Start Date:

(e.g. July 1st, 2002)
Old Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party:
Corporation Individual
New Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party?
Corporation Individual
Will the New Partner become a full partner in the Partnership?
Yes No
The Partnership Agreement may not permit the assignment of full Partner rights to a third party without the unanimous consent of the remaining Partners.
Remaining Partner Information

Number of Remaining Partners:

Enter the name, address and other partner specific information for each Remaining Partner in the Partnership.

First Remaining Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party?
Corporation Individual

Second Remaining Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party?
Corporation Individual

Third Remaining Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party?
Corporation Individual

Fourth Remaining Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party?
Corporation Individual

Fifth Remaining Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party?
Corporation Individual

Sixth Remaining Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party?
Corporation Individual

Seventh Remaining Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party?
Corporation Individual

Eighth Remaining Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party?
Corporation Individual

Ninth Remaining Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party?
Corporation Individual

Tenth Remaining Partner Information

Name:
Address:

(e.g. Street, City, State, ZIP Code)
Type of Party?
Corporation Individual
Terms

Consideration:

Enter a description of the price and the agreed value of the consideration to be provided in exchange for the Partnership Interest.
(e.g. $20,000 USD)
(e.g. 1000 shares in XYZ Corporation with a value of $5,000 USD)
Closing Date:

(e.g. July 1st, 2004)
Mediation/Arbitration

Unresolved disputes go to mediation before arbitration?
Yes No Do Not Specify
Additional Clauses Click here for tips on drafting your additional clauses.

Additional Clauses:
First Additional Clause:
 
Second Additional Clause:
 
Third Additional Clause:
 
Fourth Additional Clause:
 
Fifth Additional Clause:
Signing Details

Are witnesses required to witness the signing of the Agreement?
Yes No
Execution Date:
Specify Date:

(e.g. July 1st, 2004)