Can a partner decide to leave the partnership?
Yes. A partner can usually leave the partnership at any time. There are also instances where a partner will be required to leave, or their share required to be sold, as in the case of death, and sometimes divorce or bankruptcy. How this occurs, and what is required for this to happen, should be determined by the terms of your partnership agreement. These provisions will simply govern the rules around buying and selling a partnership interest.
Read some more FAQS from our Partnership section