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Delete Comments into the Partnership Agreement

Delete Comments into the Partnership Agreement

Aug 6th, 2022

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How to Delete Comments into the Partnership Agreement

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56 votes

In today’s video, the tutor discusses the dissolution of a partnership. While partnerships can function well, they may become uncomfortable if they deteriorate. If you recognize that a partnership has reached its end, it's important to know the methods for dissolution. There are five ways a partnership can be dissolved: 1) automatically, through the death or bankruptcy of a partner, and 2) through notice by a partner. According to the Partnership Act of 1890, specifically sections 26 and 30, any partner can dissolve the partnership by providing a written notice if no explicit or implied agreement exists. This highlights the simplicity of ending a partnership in the absence of a written contract.

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