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In today's video, the dissolution of a partnership is discussed, highlighting how challenging it can be when partnerships fail. It covers key points on recognizing when a partnership has reached its natural conclusion and the process of dissolving it. The dissolution can occur in five ways: automatically, due to the death or bankruptcy of a partner; through mutual consent; or by notice according to the Partnership Act of 1890, particularly sections 26 or 30. This act states that any partner can dissolve the partnership by giving written notice if there is no express or implied partnership agreement in place.