Affidavit for Firm Ownership Transfer


I, _____ son of _____ R/o _____ at present _____ do hereby solemnly affirm and declare as under :-

1-    That  I have received a sum of _____/- (_____only) towards the full and final share of partnership firm i.e. _____   from the remaining partner _____ son of _____ R/o _____
2-    That since from today I have no claim towards the said Shop consisting part of _____ and _____ has become proprietor of the said firm.
3-    That I will be responsible for all the liabilities of any kind of the said firm till date and in future the remaining partner (now proprietor) _____ shall be responsible for the same.
4-    That all the accounts of the said firm will be closed from today and if any is not closed then said _____ will be at a liberty to initiate any civil or criminal proceedings against me.
5-    That I have handed over the possession of Shop consisting part of _____  to _____ and I will have no objection if said _____ uses the said premises for his proprietorship firm.
6-    That I have executed this affidavit without any pressure or undue influence rather it is my sweet will and consent.


Verified that the contents of my above said affidavit are true and correct to the best of my knowledge and belief and nothing has been concealed therein.
Verified at _____ on _____.