To incoming partner, with concurrence of continuing partners. This agreement is made _________, 19__, between _________, called the seller, _________, called continuing partners, and _________, called purchaser. 1. The seller, with the approval of the continuing partners, agrees to sell, and the purchaser agrees to purchase, all the share and interest of the seller in the goodwill of the business of _________, as it is now carried on by the seller in partnership with the continuing partners, under the firm of _________, and in the assets, property, and capital of the partnership, and in the profits as from the _________ day of _________. 2. The purchase money shall be _________ dollars, but the purchaser shall be entitled to deduct from the purchase money all money now or at any time before completion to be drawn out by the seller in anticipation of his [her] share of profits for the current year. 3. The purchase shall be completed on the _________ day of _________, at the office of the firm, at which time and place the seller shall, upon payment of the purchase money (subject to deduction, if any, as stated), execute a proper assignment of the premises to the purchaser, with powers of attorney and other provisions as may be proper. If from any cause whatever, other than the wilful default of the seller, the purchase shall not be completed on or before that day, the purchaser shall pay to the seller interest on the purchase money (after making the deduction as stated) at the rate of _________ percent per year from that day until completion of the purchase. 4. Proper instruments shall be executed for the indemnification of the purchaser by the seller from all the debts, liabilities, and engagements of the firm, if any, entered into, accepted, or given before the _________ day of _________, which do not appear in the books of the partnership, and for the indemnity of the seller and his [her] representatives against all the outstanding debts, liabilities, and engagements of the firm which appear in the books of the partnership. 5. The continuing partners and the purchaser shall, upon the completion of the purchase, execute an agreement containing mutual covenants by the continuing partners and the purchaser to be and remain partners in the business of _________ for the residue of the term of _________ years from the _________ day of _________, upon the terms, and subject to the agreements and provisions, contained in the articles, with such variations as are rendered necessary by the introduction of the purchaser as a partner, and the assignment of the share and interest of the seller, and for the performance and observance of the agreements and provisions, with variations as stated, in the same manner, as far as circumstances will permit, as if the purchaser had originally been a party to the articles. In witness, etc.