PARTNER RETIREMENT AGREEMENT  is entered into on 30 September 2025

Between

(1) PARTY_1_NAME, whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the “Continuing Partner A”);

(2) PARTY_2_NAME, whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the “Continuing Partner B”); and

(3) PARTY_3_NAME, residing at PARTY_3_ADDRESS_SINGLE_LINE (the “Retiring Partner”).

Whereas

A. The Retiring Partner has decided to retire from the Partnership with effect from the Cessation Date 

B. The Continuing Partners wish to continue carrying on the Business in partnership following the retirement of the Retiring Partner, in accordance with the provisions of the Partnership Agreement.

C. The Partners have agreed on the terms set out in this Agreement to govern the retirement of the Retiring Partner.

NOW IT IS AGREED as follows:

1 Definitions and interpretation

In this agreement:

1.1 ‘the Business’ means the profession, trade or business of BUSINESS_NATURE carried on by the Partnership;

1.2 ‘the Cessation Date’ means the date of the retirement from the Partnership of the Retiring Partner;

1.3 ‘the Name’ means the trading name of PARTNERSHIP_NAME;

1.4 ‘the Partners’ means the Continuing Partners and the Retiring Partner;

1.5 ‘the Partnership’ means the partnership which has been carried on by the Partners in accordance with the Partnership Agreement;

1.6 ‘the Partnership Agreement’ means the partnership agreement dated DATEexecuted between the continuing partners and the retiring partner.

1.7 ‘the Payment Date’ means PAYMENT_DATE;

2.  The Partnership