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In today's video, the focus is on the dissolution of partnerships, highlighting the discomfort when they go awry. It discusses recognizing when a partnership has run its course and how to formally dissolve it. The dissolution can occur in five ways: automatically through a partner's death or bankruptcy, or by notice, as outlined in the Partnership Act of 1890 (sections 26 and 30). If no express or implied agreement exists, any partner can initiate dissolution by providing written notice. This provides a clear pathway for partners to address and terminate their partnership when necessary.