This document is a clause which can be inserted into a partnership agreement.
Expelling a partner from the partnership is often an act steeped in controversy. The process for expelling a partner is often to issue an expulsion notice if one or more of a certain set of criteria apply. However, this process may not be appropriate for all partnerships. This optional clause sets out a more detailed process for expulsion.
Using this precedent
This precedent can be used as a substitute for the expulsion provisions of the separate precedent “Partnership agreement (short form, general)”. It can also be used in any partnership agreement as required.
When inserting this optional clause into an agreement, care must be taken to ensure that the agreement remains consistent. Cross-references, definitions and schedules should all be checked.
This document has been authored for Lexis Nexis by Elise Margow, Principal, Legally Speaking.
This document is prepared with the assistance of Specialist Editor Stephen Newman, Executive Counsel, Ponte Earle.