This Minute of Retiral document is used when a partner wishes to retire from a traditional partnership in Scotland.
If a partner wishes to retire from a Scottish partnership then you will need a Minute of Retiral. This document is suitable for use with a traditional partnership in Scotland. It cannnot be used for a member retiring from Limited Liability Partnership nor from a partnership in England or Wales.
This agreement is suitable for use in Scotland only and includes clauses covering:
- Withdrawal of Partner and Continuation of Partnership
- Termination Payment
- Taxation Election.