MUTUAL RELEASE BY THREE
PARTNERS
ON ENDING OF
PARTNERSHIP [CD1]
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.
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