Cessation of partnership interest: resignation, death, incapacity or insolvency end partnership status; notice determines third party effect. Cessation of partnership interest occurs by agreement or written resignation, and also on death, dissolution, mental incapacity, or insolvency. Until notice of cessation is given to parties or the Registrar, a former partner is treated as a partner for third party dealings. Cessation does not discharge obligations incurred while a partner. Unless the LLP agreement provides otherwise, a former partner or their successor is entitled to the actual capital contribution and a share of accumulated profits after losses, and has no right to interfere in LLP management.