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In this tutorial, the video discusses the dissolution of partnerships, which can become uncomfortable if not functioning well. It highlights that partnerships may reach an end when they have run their natural course. There are five ways to dissolve a partnership: 1) automatically, due to the death or bankruptcy of a partner; 2) through notice, as outlined in the Partnership Act of 1890, specifically sections 26 and 30, which state that any partner can dissolve the partnership with written notice if no express or implied agreement exists. The video emphasizes that a simple notice can suffice for dissolution when there is no partnership agreement in place.
