MUTUAL RELEASE BY TWO 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; 

 

both parties hereinafter collectedly referring as parties with individually as first party, and second party respectively, which expression shall be including their related lawful successors, heirs, representatives and assigns. 

 

WHEREAS 

 

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

 

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

 

NOW T HENCE THESE PRESENTS WITNESSETH that each party hereby releases the other party, from all sums of money, accounts, proceedings, claims/demands whatever which either of them had previously at any time had for any reason concerning the partnership as held before hand by the parties. 

 

It is also 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 

 

Witnesses: 

 

1. 

 

 

2.  

 [CD1]MUTUAL RELEASE BY TWO PARTNERS ON ENDING OF PARTNERSHIP