A Termination of Partnership Agreement is a legally binding document that outlines the conditions and procedures for ending a business partnership. It sets forth the rights and obligations of the partners involved in the dissolution of the agreement, including any financial arrangements, division of assets and liabilities, allocation of responsibility for contractual obligations, and matters relating to winding up the partnership. The termination agreement should also include provisions for resolving potential disputes between the partners. By signing this document, both parties acknowledge their mutual understanding and agree to abide by its terms.