The following Corporate guidance note provides comprehensive and up to date legal information covering:
This Practice Note discusses partnerships (as defined) formed under the Partnership Act 1890 (PA 1890) governed by English law as distinct from limited partnerships, limited liability partnerships and partnerships formed under the PA 1890 and governed by Scottish law.
A partnership can be brought to its end by:
dissolution (see Practice Note: Ending a partnership—what is dissolution?), or
This practice note examines how a partnership may be brought to an end by its dissolution, where that dissolution is not ordered by the court.
In relation to the dissolution of a partnership by order of the court, see Practice Note: Ending a partnership—dissolution by the court.
The dissolution of a partnership in any of these ways is almost always a general dissolution, as opposed to a technical dissolution (see Practice Note: Ending a partnership—what is dissolution?). However, instead of the general dissolution of a partnership, the court may order any partner to sell his part of the business of the partnership to any of the other partners which might enable the partnership to continue in business and effectively amount to a technical dissolution.
There are two different statutory provisions dealing with the dissolution of a partnership by way of notice given by a partner to the other
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