Voluntary Withdrawal from Partnership

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Definition of "Voluntary Withdrawal from Partnership"

A voluntary withdrawal from partnership occurs when a partner is voluntarily leaving a partnership and wishes to give notice to the partnership. An example would be a partner selling his or her partnership interest to another party in order to retire.

"Voluntary Withdrawal from Partnership" is referred to in the following legal documents:

Notice of Withdrawal from Partnership

Partnership Agreement

Band Partnership Agreement

See also:

Involuntary Withdrawal from Partnership