Resignation from a general partnership (recommended format)
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What's a resignation from a general partnership (recommended format) and when do you need it?
This is a standard resignation letter for a partner in a general partnership to exit that business. If you are looking for a resignation letter template for a limited liability partnership (an LLP), you’ll need our separate template for that purpose.
The letter is drafted as a deed, which means that the resigning member will need to have it witnessed.
Why is it done by deed? Deeds are contracts, but they have more exacting signature provisions, incorporating witnesses of signatures, which means they tend to be used in certain circumstances where a straightforward contract would be considered insufficient. The point of including the witnesses is to make clear, unequivocally, that both the signing parties fully understood what they were signing and that they intended to agree to the terms set out in the deed. Powers of attorney, transfers of property and other valuable items will usually be done by way of a deed.
Setting up a partnership, joining or leaving one is also a situation where a deed is considered appropriate, to evidence that the persons identified as partners fully intended to commit to the obligations and responsibilities of partners in this business – some of which may well endure after the partner leaves.
The partnership deed, which forms the contract between the partner and the partnership, may well include a notice period for resigning partners. You’ll need to check what this sets out. Our template letter includes the drafting options and guidance notes to ensure you’re including the relevant detail.