Deed of Assignment of Interest in Partnership

This Deed can be used to assign an interest in a partnership.

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Last updated May 14, 2025

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Suitable for Australia

Deed of Assignment of Interest in Partnership

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What is a deed of assignment of interest in partnership?

A deed of assignment of interest in partnership is a legal document used when a partner transfers their share of profits in a partnership to another person without transferring management rights.
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When should you use a deed of assignment of interest in partnership?

Use this deed when a partner wishes to sell or assign their right to receive partnership profits, but not their role or decision-making authority within the business.
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What should be in a deed of assignment of interest in partnership?

It should include details of the assignor and assignee, the interest assigned, effective date, release of obligations, and any conditions precedent to the assignment.
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Frequently asked questions

What is a deed of assignment of interest in partnership?

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When should you use a deed of assignment of interest in partnership?

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What should be in a deed of assignment of interest in partnership?

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Does the assignee automatically become a partner?

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What protections does this deed offer the assignee?

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Are there ongoing obligations for the assignor after assignment?

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What should you consider before completing this deed?

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View Sample Deed of Assignment of Interest in Partnership

Deed of Assignment of Interest in Partnership

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