Notice of Withdrawal from Partnership

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Is this a voluntary (by the choice of the Withdrawing Partner) or involuntary (expulsion by the other partners) withdrawal?

Voluntary (e.g. sale of Partnership interest)

Involuntary (e.g. death, incapacity, disability, breach, etc.)

Select whether the Withdrawing Partner is leaving the Partnership voluntarily or involuntarily. A voluntary withdrawal is where a partner is voluntarily withdrawing from the partnership and wishes to give notice to the partnership. An example would be selling one's partnership interest to another party in order to retire. An involuntary withdrawal is where a partner is withdrawn from the partnership without that partner's consent. Here the partnership is giving notice to that partner. Examples of reasons for involuntary withdrawal include the death of Partner, incapacity of Partner, the disability of Partner, the incompetence of Partner, the breach of fiduciary duty by Partner, the criminal conviction of Partner, the operation of law against Partner, or a legal judgment against the Partner.

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NOTICE OF WITHDRAWAL FROM PARTNERSHIP
(Alberta)

To: Partners of ________

________ is a partner of the partnership of ________ established for following purpose:

________

and governed by a partnership agreement dated ________.

________ hereby gives notice of his or her intention to withdraw from the partnership, effective ________.

The Partners remaining in the Partnership are as follows:

1. ________

2. ________

With this document, the Withdrawing Partner gives the following amount of notice of withdrawal: ________ in writing by registered or certified mail to the remaining Partners at each Partner's last known address.

______________________________

________

Date:

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