BUSINESS PARTNERSHIP DISSOLUTION AGREEMENT DRAFT Agreement No: BPDA-2026-001 Date of Signing: June 1 2026 PARTNERSHIP: Sharma & Iyer Consulting Mumbai Maharashtra India PARTNERS: Rohit Sharma - Mumbai Maharashtra India Vivek Iyer - Mumbai Maharashtra India 1. RECITALS 1.1 Sharma & Iyer Consulting is a partnership operating in Mumbai Maharashtra India. 1.2 Rohit Sharma and Vivek Iyer are the sole Partners of the Partnership. 1.3 Both Partners confirm mutual intent to formally dissolve the Partnership on the terms set out in this agreement. 2. DEFINITIONS 2.1 Partnership: Sharma & Iyer Consulting. 2.2 Partner: Rohit Sharma or Vivek Iyer. 2.3 Dissolution Date: July 1 2026. 2.4 Wind-Up Period: June 1 to July 1 2026. 2.5 Partnership Assets: All cash, equipment, and contracts held by the Partnership. 2.6 Partnership Liabilities: All outstanding debts and obligations of the Partnership. 2.7 Departing Partner: Vivek Iyer. 2.8 Continuing Partner: Rohit Sharma. 2.9 Effective Date: June 1 2026. 3. CONFIRMATION OF DISSOLUTION 3.1 Both Partners agree to dissolve Sharma & Iyer Consulting effective July 1 2026. 3.2 Reason for dissolution: mutual decision to pursue separate business ventures. 3.3 This agreement governs the complete and orderly wind-up of all partnership affairs. 4. EFFECTIVE DATE OF DISSOLUTION 4.1 Dissolution Date: July 1 2026. 4.2 All operations under the Partnership name cease on July 1 2026. 4.3 Full wind-up process must be completed by July 1 2026. 5. DIVISION OF PARTNERSHIP ASSETS 5.1 Cash holdings divided 50% to Rohit Sharma and 50% to Vivek Iyer. 5.2 All office equipment transfers to Rohit Sharma at agreed book value. 5.3 Transfer of all assets completed by the Dissolution Date. 6. ALLOCATION OF LIABILITIES AND DEBTS 6.1 The office lease liability is allocated solely to Vivek Iyer. 6.2 Vivek Iyer must settle this liability in full within the Wind-Up Period. 6.3 Any Partner who pays a liability allocated to the other is entitled to reimbursement. 7. BUSINESS CONTINUITY 7.1 Rohit Sharma will continue the business under a new business name after dissolution. 7.2 Vivek Iyer will start an independent business after dissolution. 7.3 No buyout payment applies as both Partners are starting separate new ventures. 8. BUSINESS NAME AND BRAND RIGHTS 8.1 The name "Sharma & Iyer Consulting" will not be retained by either Partner. 8.2 Neither Partner may use a name confusingly similar to the original Partnership name. 9. EMPLOYEE AND CONTRACTOR MATTERS 9.1 Any Partnership employees will be terminated with appropriate notice and final pay by the Dissolution Date. 9.2 Rohit Sharma is responsible for completing all final payroll obligations. 10. NON-COMPETE AFTER DISSOLUTION 10.1 For 1 year after the Dissolution Date, neither Partner may operate a directly competing consulting business within Maharashtra India. 11. CONFIDENTIALITY 11.1 Both Partners keep all Partnership business and client information confidential for 6 months after the Dissolution Date. 12. MUTUAL RELEASE 12.1 Upon completion of all obligations under this agreement, each Partner releases the other from any further claims arising from the operation of the Partnership. 13. DISPUTE RESOLUTION AND GOVERNING LAW 13.1 All disputes resolved via Mediation in Mumbai Maharashtra India. 13.2 Laws of Maharashtra India govern this agreement and the dissolution. SIGNATURE BLOCK: Rohit Sharma Signature: ________________ Date: ____________________ Vivek Iyer Signature: ________________ Date: ____________________ DISCLAIMER: This Business Partnership Dissolution Agreement was generated by an AI drafting tool for reference and preparation purposes only. It does not constitute legal, tax, or accounting advice. Always have this reviewed by a qualified business attorney and accountant before signing or finalizing the dissolution of your partnership.