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Close partnership

Overview

DISSOLUTION OF A FIRM
The dissolution of a partnership between all the partners of a firm is called the"dissolution of the firm".

By court

that a partner has become of unsound mind, in which case the suit may be brought as well by the next friend of the partner who has become of unsound mind as by any other partner;

By Notice

Where the partnership is at will, the firm may be dissolved by any partner giving notice in writing to all the other partners of his intention to dissolve the firm.

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