The Assignment of Partnership Interest is a legal document stating the transfer (reassignment) of interest in a company or organization from an existing partner to a new partner. Here, the new business partner is called the assignee and the one from whom the rights are being transferred is called assignor.
You will need this document in scenarios where a new investor has appeared or the company is being sold to a new owner. The partial transfer of rights covered by this document reassigns only material benefits and not the right to intervene in decisions regarding operations.
The document template contains all the important elements such as partnership details, assignee and assignor names, closing date, and signatures.
You can easily download and revise the document for specific changes. The legal appropriateness of the document text and authenticity is verified by professional attorneys for safeguarding your business integrity.