Circumstances that may lead to the dissolution of a partnership

  • Death of a partner unless the articles of partnership provide otherwise.
  • Performance of the undertaking.
  • Lapse of time
  • Termination at will
  • Illegality
  • Charging of a partners interest by a court order for a private debt.
  • Bankruptcy of a partner unless the partnership deed otherwise provides.
  • Mutual consent: if all partners agree.
  • Lunacy or permanent insanity.
  • Permanent incapacitation.
  • Continuous and willful breach of the partnership agreement.
  • Firms business can only be carried on at a loss.
  • Circumstances are such that it is just and equitable that the firm be wound up.
  • Partners conduct or behaviour is prejudicial to the firm.
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