Deed of retirement from partnership

This deed of retirement from partnership records the retirement of one or more partners from a partnership firm while the remaining (continuing) partners carry on the business. It identifies the retiring and continuing partners, the firm and its business, the retirement date, and the settlement of the retiring partner's capital, share of profits and liabilities. It also addresses release and indemnity, goodwill, restrictions, and continuation of the firm under a reconstituted arrangement, in line with the Indian Partnership Act, 1932. Firms use it to document a clean, dispute-free exit of a partner.