BARRING
OF GOODWILL
As
a legally binding addendum and amendment to our partnership agreement dated
______________________ we, _________________________________________ and
____________________________________________________ submit the following:
______________________________________________________________________
In
the event of retirement or death of a partner, and after determining the value
of interest of that partner, it is agreed as a provision of the contractual
agreement, that the estate of the deceased partner shall have no interest in
the goodwill of the partnership. The goodwill of the business is not predicated
upon or by the assets of the partners or the partnership, and no payments to
heirs of the deceased partner are forthcoming.
_____________________________ ______________
Partner
Dated
_____________________________ ______________
Partner
Dated
_____________________________ ______________
Witness
Dated