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In today's video, the focus is on the dissolution of partnerships. While partnerships can be beneficial, issues may arise leading to discomfort among partners. If you find yourself in a partnership that has run its course, there are five ways to dissolve it. Firstly, dissolution can occur automatically through the death or bankruptcy of a partner. Another method involves the Partnership Act of 1890, specifically sections 26 or 30, which allow any partner to dissolve the partnership by providing written notice if there is no express or implied agreement in place. Thus, a simple notice can effect dissolution in the absence of a written partnership agreement.