This paper introduces a novel approach for stability analysis of nonlinear models based on an exact piecewise Takagi-Sugeno representation. The idea comes from the fact that larger modeling regions may lead to stability conditions which are harder to meet than those for smaller ones. Therefore, instead of applying sector nonlinearity to a single compact set of the state space as it is usually done, different exact Takagi-Sugeno representations are obtained for different compacts (partitions) of the state-space. Due to the piecewise nature of the proposed model, further relaxation of stability conditions is earned by using piecewise Lyapunov functions instead of common quadratic ones. The contribution is illustrated using examples which show the improvement over existing methods.