Santosh and Swamy are the partners in a partnership firm 'Santswam'. In view of mounting losses in the business, they decided to wind-up the business and dissolve the said firm. They require you to provide a release deed

Deed of Release between two Partners on Dissolution of Partnership THIS RELEASE is made on the............ day of............ BETWEEN Mr. Santosh of the first part AND Mr. Swamy of the second part. WHEREAS the said Mr. Santosh and Mr. Swamy were carrying on in partnership the business of............and the said business was wound up and the partnership dissolved by deed, dated............executed by the said parties. AND WHEREAS the winding up of the said business was entrusted to the arbitration of Mr. Soma of............and he after realising the debts and calling in the property and assets of the said business and after paying all creditors and liquidating all the liabilities apportioned the shares of the parties, giving to the said Mr. Santosh a sum of ₹............and to the said Mr. Swamy the sum of ₹............ AND WHEREAS the parties for mutual safety are desirous of executing this deed of release so that all future disputes in regard to the said partnership or the business may be set at rest. NOW THEREFORE THIS DEED WITNESSES that in pursuance of the said mutual desire the said Mr. Santosh hereby releases the said Mr. Swamy and also that the said Mr. Swamy hereby releases the said Mr. Santosh from all sums of money, accounts, proceedings, claims and demands whatsoever which either of them at any time had or has up to the date of the said dissolution against the other, in respect of or in relation to the said partnership or the business of the said partnership. IN WITNESS WHEREOF the said Mr. Santosh and the said Mr. Swamy have hereto at............signed on the day and the year first above-mentioned. Witnesses: Mr. Santosh Mr. Swamy