Mutual Release By Three Partners On Ending Of Partnership

 

Mutual Release By Three Partners
 On Ending Of Partnership 

 

THIS RELEASE DEED is executed on the _______ day of ________ 

BETWEEN 

Sh.________________________________________,

S/o Sh._____________________________________,

R/o ________________________________________ of the first part; 

AND 

Sh.________________________________________,

 S/o Sh.____________________________________,

R/o ________________________________________ of the second part; 

AND 

Sh.________________________________________,

 S/o Sh.____________________________________,

R/o ________________________________________ of the third part; 

All three hereinafter collectedly referred to as parties and individually as the first party, second party and third party respectively, which expression shall include their related lawful successors, heirs, representatives and assigns. 

 

WHEREAS 

1. The aforesaid parties were doing on the business of ______ in partnership under the deed of partnership dated the ______ day of ______ under the firm name of _______. 

2. The aforesaid parties have, by mutual consent, ended the said partnership, with effect from ______. 

NOW THEREFORE THESE PRESENTS WITNESSETH that every party individually and every two of them collectedly, does and so release the other of them and each of others of them from all sums of money, accounts, proceeding, claims and demands whatever which each or two of them at any time had or upto date hereto against others/either of others of them due to and concerning the partnership held before hand by the parties. 

 It is hereby declared that amount or value of the claim hereby disclaimed is Rs. ______.

IN WITNESS WHERE OF, the parties to this deed have set their hands in the presence of 
__________________ 
Party of the first part 

______________________ 

Party of the second part 

______________________ 

Party of the third part 

 

Witnesses: 
1. 

2.