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SAMPLE OF PRACTICE CONTINUATION AGREEMENT BETWEEN A SOLE PRACTITIONER AND A FIRM Section 520 of the Malaysian Institute of AccountantsByLaws (On Professional Ethics, Conduct and Practice):Death or

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How to fill out practice continuation agreement between

01

Start by stating the names of the parties involved in the agreement.

02

Specify the effective date of the agreement.

03

Clearly define the terms and conditions of the practice continuation, such as the duration and scope of the agreement.

04

Discuss any financial considerations, such as compensation or payment terms.

05

Include provisions for termination or renewal of the agreement, if necessary.

06

Clearly state any confidentiality or non-disclosure obligations.

07

Address any liability or indemnification clauses.

08

Include any additional terms or provisions that are relevant and necessary for the agreement.

09

Make sure to review and revise the agreement as needed before both parties sign and date it.

10

Keep a copy of the signed agreement for your records.

Who needs practice continuation agreement between?

01

Any two or more parties involved in a practice or business arrangement where the continuity of operations and services is important.

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What is practice continuation agreement between?

The practice continuation agreement is between two parties, typically a business owner and a successor or buyer.

Who is required to file practice continuation agreement between?

The practice continuation agreement is typically filed by business owners who are transitioning their ownership.

How to fill out practice continuation agreement between?

The agreement should be filled out with accurate and detailed information about the transition of ownership and responsibilities.

What is the purpose of practice continuation agreement between?

The purpose of the practice continuation agreement is to outline the terms and conditions of the ownership transition and ensure a smooth transfer of business control.

What information must be reported on practice continuation agreement between?

The agreement should include details about the current owner, the successor, the terms of the transition, and any other relevant information.

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