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In this video tutorial, the focus is on the dissolution of a partnership. While partnerships can be beneficial, they can become challenging when issues arise. If you find yourself in a partnership that has reached its conclusion, there are five ways to dissolve it. One method is automatic dissolution due to a partner's death or bankruptcy. Another way is through notice, as outlined in the Partnership Act of 1890 (sections 26 and 30), which states that any partner can dissolve the partnership by providing written notice if there is no express or implied agreement. This means even in the absence of a formal partnership agreement, a simple notice can initiate the dissolution process.
