This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
[Insert after Article providing for division of assets on dissolution.]
If, upon dissolution or other termination of this partnership, the partners are unable to agree upon a division of the assets, in kind, then all of the assets and property of said partnership, excepting accounts and bills receivable, shall be sold at public sate in the place of business of said firm, said sale being first advertised in at least two newspapers of general circulation in the --------- of
---------, ---------; said sale to be conducted by an impartial auctioneer, or auctioneers, to be mutually agreed upon; the stock in trade to be sold piece by piece, or in small lots; and the trade fixtures to be sold in bulk. Each partner may bid and purchase at said sale.
See references under Sec. 3776.