Partnership Dissolution
/ˈpɑːrt.nər.ʃɪp dɪˌsɒlˈuː.ʃən/
Definitions
- (n.) The legal termination of a partnership agreement, ending the business relationship among partners.
The partners agreed on a partnership dissolution after five years of joint operation.
Forms
- partnership dissolutions
Related terms
See also
Commentary
Partnership dissolution can occur voluntarily or by operation of law and often requires settling debts and distributing assets.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.