DISSOLUTIONPointers on Dissolution 1. Defnition2. Grounds3. Efects on Authorit!. "#nner o$ %indin& U' #nd Persons Authori(ed to )ind u' P#rtnershi' Af#irs*. +ules in Li,uid#tion #nd Distri-ution o$ Assets $or Dissol.ed P#rtnershi'Pointers on Dissolution DefnitionPROBLEM:IFTHEPARTNERSWISHTOENDTHEIRRELATIONSWITH THE OTHER PARTNERS WHAT IS THE SOLUTION? 1828. DISSOLUTION.changeintherelationofthepartnerscausedbyany partner ceasing to be associated in the carrying on as distinguished from the winding up of the business.DISTINGUISH THIS FROM:WINDING-UP PROCESS OF SETTLEMENT OF BUSINESS/AFFAIRSTERMINATION END OF PARTNERSHIP LIFE. (POINT IN TIME WHENALL PARTNERSHIP AFFAIRS ARE COMPLETELY AND FINALLY SETTLED OR WOUND-UPPointers on Dissolution Grounds /%A0E1%ith or )ithout .iol#tion o$ ter2s /1334 1. #nd 2.1Auto2#tic or not Auto2#tic/1334 #nd 133110olunt#r or in.olunt#r /1334 1. #nd 2.1 #nd /1334 3. to 3.1E5tr#6udici#l or 7udici#l or /1334 1. to 8.1 #nd /1334 3.913311Grounds(1) Without violation of the agreement between the partners: Termination of the defnite term or particular undertaking !press will of any partner !press will of all the partners !pulsion of any partner (") #n contravention of the agreement between the partners$ (%) &y any event which makes the business of the partnership unlawful (') (oss of a specifc thing ()) &y the death of any partner* (+) &y the insolvency of any partner or of the partnership* (,) &y the civil interdiction of any partner* (-) &y decree of court:#nsanity #ncapability to perform .uilty of matters pre/udicial to the carrying on of the business* Wilful or persistent commission of a breach of the partnership agreement$ or conducts of matters impracticable to carry on the business in partnership with him* 0artnership can only be carried on at a loss* 1ther circumstances render dissolution e2uitable.Pointers on Dissolution Grounds Aside $ro2 cl#ssi$in& the &rounds #s %A0E; cl#ssi$ these &rounds #s )ell #s to c#use?@ Aec#use this is i2'ort#nt in deter2inin& )hether # '#rtnerBs #uthorit to en&e $or the '#rtnershi' is i22edi#tel ter2in#ted or not. Thus