This Minute of Assumption document is used to add an additional partner to a traditional partnership in the UK: England, Scotland or Wales.
If you have an existing partnership, then to add a new full partner you will need a Minute of Assumption. This document is suitable for use with a traditional partnership set up in England and Wales or Scotland. This document is not suitable for use with a Limited Liability Partnership.
This Minute of Assumption template includes clauses covering:
- Assumption of Partner