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This Deed of retirement is made on [insert day and month] 20[insert year]

Parties

1. 1

   [Insert name of retiring partner] of [insert address] (Retiring Partner), and

1. 2

   The persons whose names and addresses are set out in Schedule 1 (Continuing Partners).

Recitals:

1. 1. (A)

      The Partners have been carrying on business in Partnership under the terms of the Partnership Agreement.

   1. (B)

      The Retiring Partner is to retire from the Partnership on the Retirement Date.

   1. (C)

      The provisions of this deed shall apply to the retirement of the Retiring Partner in place of any provisions of the Partnership Act 1890 and the Partnership Agreement that would otherwise apply to the retirement of the Retiring Partner.

The parties agree:

1. 1. 1

      Definitions and interpretation

      1. 1.1

         In this deed:

         Accountants

         1. •

            means [insert name of Partnership's accountants] or such other firm of accountants as may be appointed to replace them in accordance with the provisions of the Partnership Agreement;

         Accounting Date

         1. •

            means [insert Partnership accounting date];

         Accounting Period

         1. •

            means a period commencing on the day following an Accounting Date and ending on the next Accounting Date;

         Business Day