196. Partnership continues after dissolution only for winding up.

After dissolution, the partnership subsists merely for the purpose of completing pending transactions, winding up the business, and adjusting the rights of the partners1. For these purposes, and these only, the authority, rights and obligations of the partners continue2, including the partners' duty of good faith3.

Dissolution of the partnership necessitates the termination of its employees' contracts of employment, which may amount to wrongful dismissal