Agreement for dissolution of old and formation of new partnership. It is the desire of the parties to dissolve their partnership of _________, 19__, and enter into a new partnership agreement where all of the parties will become partners It is hereby agreed: First. That the partnership agreement dated _________, 19__, where _________, _________ and _________ were named as partners is dissolved. Second. That the parties make a new partnership agreement to take the place of the partnership agreement dissolved, subject to the following terms and conditions: (a). The partnership shall continue the business of the dissolved partnership referred to and shall continue the business of manufacturing, jobbing, selling, retailing and dealing in and with _________, and generally to conduct a _________ and do such other business as may be germane. (b). The partnership shall commence on _________, 19__, and shall continue for _________ years. (c). The partnership shall be conducted and carried on under the partnership name, of _________ company. (d). The place of business of the partnership shall be in _________, or in any other place or places as the partners shall determine. (e). The capital of the partnership shall consist of the fixed assets of the _________ company as they appeared on the books of the company on _________, 19__, amounting to _________ dollars. Each of the parties has contributed and now owns a fractional share of the capital of the partnership, the fractional share of each of the partners having been set forth above. A deed to the land and buildings on which the _________ company is located and a bill of sale for all machinery, equipment and other property constituting the fixed assets of the _________ company as of _________, 19__, will be [has been] executed and delivered by the former partners, _________, _________ and _________ to this partnership, free and clear from any indebtedness, claims, liens or incumbrances. (f). [Other provisions