Joint Venture Partnership Dissolution Agreement

This Dissolution Agreement (“Agreement”) is entered into as of by and between:

• Partner 1:
• Partner 2:
• (Add additional partners if applicable)

Collectively referred to as the “Parties.”

Recitals

1. The Parties entered into a Joint Venture Partnership Agreement (“Joint Venture”) dated for the purposes of .
2. The Parties wish to dissolve the Joint Venture under the terms set forth herein.

1. Dissolution of Joint Venture

The Parties hereby agree to dissolve the Joint Venture as of (“Effective Date”).

2. Winding Up

The Parties agree to wind up all outstanding business, affairs, debts, and obligations of the Joint Venture as soon as practicable. All funds, assets, and liabilities shall be handled as specified below.

3. Distribution of Assets and Liabilities

The assets of the Joint Venture shall be distributed as follows:

The liabilities and obligations shall be settled as follows:

4. Release and Waiver

Upon completion of the terms of this Agreement, each Party releases and waives all claims against the other Parties relating to the Joint Venture, except as set forth herein.

5. Confidentiality

The Parties agree to maintain the confidentiality of the terms and any business information acquired during the operation of the Joint Venture.

6. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of .

7. Entire Agreement

This Agreement constitutes the entire agreement between the Parties regarding the dissolution of the Joint Venture and supersedes all prior understandings or agreements, written or oral.

8. Signatures

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.