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In today's video, the focus is on dissolving a partnership, which can become uncomfortable if conflicts arise. There are five primary ways to achieve this. First, dissolution can occur automatically due to the death or bankruptcy of a partner. Second, according to the Partnership Act of 1890, any partner can dissolve the partnership by providing written notice, provided there is no express or implied agreement to the contrary. This means that in the absence of a written partnership agreement, a simple notice can initiate the dissolution process. The tutorial emphasizes recognizing when a partnership has run its course and how to proceed accordingly.
