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In today's video, the focus is on the dissolution of partnerships. While partnerships can work well, they may become uncomfortable if issues arise, leading partners to consider ending the partnership. The video outlines five ways a partnership can be dissolved. Firstly, it can happen automatically through the death or bankruptcy of a partner. Secondly, under the Partnership Act of 1890, any partner can dissolve the partnership by providing notice, unless there is a specific agreement that states otherwise. Essentially, if no written partnership agreement exists, a simple written notice suffices to initiate dissolution.