Format of Dissolution Deed

THIS DEED OF Dissolution made at _________ this ___________(date) between

1. __________________________ (name & address of client)
And
2. ___________________________ (name & address of client)
And
3. ___________________________ (name & address of client)
WHEREAS
(1)

The partners hereto were carrying on the ________________ (nature of firm) in

partnership under the terms a partnership deed executed on dated ________
under the name and style of _______________ (name of the firm) with its
registered office at _______________ (address of the firm).

(2)

On account of personal reasons, the partners by mutual consent have decided to

dissolve the partnership on terms & conditions hereinafter appearing.

NOW THIS DEED WITNESSTH AS FOLLOWS

(1)

That the accounts of the assets and liabilities of the said partnership have been
assessed and a final Balance Sheet of the same ahs been prepared and all the
partners have been seen the said accounts & are satisfied about its correctness.

(2)

The parties hereto hereby dissolve the partnership subsisting between them under
the Deed of Partnership dated on ___________ with effect from dated _______ .

(3)

After the dissolution, the partners shall not carry out any professional activities in
the name of the firm except to realise all the assets and discharge all outside
liabilities on dated, except the capital A/c of the partners in the firm.

(4)

The partners debit/Credit amount in capital account shall be mutually adjusted in

future by each partner.

IN WITNESS WHERE OF the parties have hereunto set their hands the day and year first
above written.
WITNESS:
1.
2.
3.

The dissolution of partnership between all the partners is called the Dissolution of
Firm. [Section 39, Partnership Act.]. Dissolution of firm may take place in the following
manner.
A firm may be dissolved with the consent of all the partners [Section 10, Partnership
Act], the agreement of Partnership deed vague & doubtful w.e.f. _____________.
Dissolution of a firm is the process by which legal existence of the firm comes to an end.
The firm continues to exist until its affairs are finally and completely wound up.