Dissolution Contract Example

A dissolution contract It is a document that serves to advance the termination of a commercial, civil, family company, or any other type of legally established company.

It can be done due to the invalidity of the company, which occurs when one of the parties or both do not comply with any necessary requirement in the moment of signing to carry out the partnership, with which the contract is terminated and it is as if it had never been effected.

A cause to effect a dissolution contract it is by rescission, which is the termination of the same due to breach of one of the parties of the clauses of the agreement.

It can also be done by mutual agreement, where the parties agree to terminate the partnership.

Finally you can perform a dissolution contract by a Resolution of an authority that obliges to dissolve it.

Dissolution Contract Example:

Between Citizen Jorge Villarreal Espinosa, domiciled at Privada Florencia No 21, Las Fuentes neighborhood in Mexico City, who identifies himself with an Elector's Credential Folio No. 345689876321, and Citizen Alejandro Martínez Pérez residing at Calle 5 No. 14 Colonia Real del Monte in the same Mexico City and who identifies with Valid passport No. 985423 issued by the United Mexican States, agree to enter into this Agreement of Dissolution of the Mercantile Company in accordance with the following clauses:

First: The parties started the commercial company called Consultores Asociados S.A. on February 16, 2010 with a capital of $ 2, 000,000.00 (Two million pesos 00/100 M.N.) Dissolving it on the date of signature of this contract.
Second: Citizen Jorge Villarreal Espinosa takes charge of the assets, social liabilities and conserves the rights to continue operating the business while maintaining the same specialties and customers.
Third: Citizen Alejandro Martínez Pérez receives the sum of $ 1,750,000.00 (One million seven hundred fifty thousand pesos 00/100 M.N.) receiving that amount through a bank transfer made on the day of signing this contract.
Fourth: In Mexico City, D.F. On September 29, 2012, 4 copies of the same tenor and for a single effect were signed.

Jorge Villarreal Espinosa

Alejandro Martínez Pérez