Notice Of Withdrawal From Partnership

Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Addressee

{{date}}

The Partners

{{partnership_name}}

{{partnership_address}}

Subject

NOTICE OF WITHDRAWAL FROM PARTNERSHIP

Introduction

Dear Partners,

Please accept this letter as formal notification of my intention to withdraw from the partnership of {{partnership_name}}, effective from {{effective_date_of_withdrawal}}.

Terms of Withdrawal

This withdrawal is in accordance with the terms and conditions stipulated in clause {{relevant_clause_number}} of our Partnership Agreement, dated {{partnership_agreement_date}}.

I understand and agree to fulfill all my obligations as a partner until the effective date of withdrawal, including but not limited to, financial commitments and ongoing projects.

I further request that arrangements be made for the valuation of my partnership interest and the settlement of my capital account, as per the provisions of our Partnership Agreement. I propose that this process commence on or before {{proposed_valuation_start_date}}.

Transition and Cooperation

I am committed to ensuring a smooth and orderly transition during this period. I am available to discuss any matters related to my withdrawal and to assist in the handover of my responsibilities to ensure the continued success of the partnership.

I will cooperate fully with the remaining partners and any appointed third parties in addressing all outstanding matters, including client relations, ongoing projects, and financial reconciliation.

Final Accounts and Liabilities

I request a comprehensive statement of my final accounts with the partnership, including any outstanding distributions, liabilities, or indemnities, to be provided by {{date_for_final_accounts}}.

I also acknowledge my responsibility for any liabilities incurred by the partnership during my tenure, up to the effective date of my withdrawal, as outlined in the Partnership Agreement.

Acknowledgement and Next Steps

Please acknowledge receipt of this notice and confirm the proposed next steps for formalizing my withdrawal from the partnership.

I look forward to an amicable and professional conclusion to our partnership.

Signature Block

Sincerely,

{{partner_name}}

{{partner_contact_details}}