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Free Legal Forms Online - Download and Print a Free Printable Business Form from All Law - Partnership - Goodwill Forfeiture Upon Expulsion

GOODWILL FORFEITURE UPON EXPULSION

 

If any partner is expelled due to incapability to carry out his partnership duties, that partner shall repay any debt in his account to the partnership and will forfeit all interest or claim in the goodwill of the partnership.

 

_________________________ _______________    

Partner Signature Date

_________________________ _______________   

Partner Signature Date

 

 

Warning:

These forms are provided AS IS. They may not be any good. Even if they are good in one jurisdiction, they may not work in another. And the facts of your situation may make these forms inappropriate for you. They are for informational purposes only, and you should consult an attorney before using them.








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