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(p. 23) 5. Termination of and retirement from a partnership 

(p. 23) 5. Termination of and retirement from a partnership
Chapter:
(p. 23) 5. Termination of and retirement from a partnership
Author(s):

J. Scott Slorach

and Jason Ellis

DOI:
10.1093/he/9780198823230.003.0005
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date: 03 December 2020

An individual may cease to be a partner on the happening of one of the following events: the dissolution of the partnership; his retirement; or expulsion from the partnership. If the partnership is dissolved, the partnership will come to an end and its assets and business dealt with accordingly. The situation is different on the retirement or expulsion of a partner. Here, the former partners can carry on the business, albeit through the medium of a newly constituted partnership. This chapter considers the legal consequences of the occurrence of these events.

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