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Dissolution of Partnership Agreement

Fairbanks, AK |

Attorney drawing original partnership agreement represented all parties and will also draw dissolution documents. Is it reasonable to request copy of dissolution document for review by another attorney of ours?

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Attorney answers 1


Yes, it is reasonable to review the documents with a lawyer of your own choosing.

It is not unreasonable for the partnership to have employed counsel to draft the documents for creating the partnership. It is also not unreasonable to employ the same counsel on terminating the partnership. But the attorney must act for the benefit of all the partners and is not considering what may be best for you.

Not all Alaska partnerships must dissolve. We have adopted provisions allowing continuation of a partnership and allows a former partner to dissociate from the enterprise. These options may be important to you.

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