A PHP Error was encountered

Severity: Warning

Message: fopen(/var/lib/php/sessions/ci_sessione51a13ddded9de7e6cffe099f91e89ad432fa66a): failed to open stream: No space left on device

Filename: drivers/Session_files_driver.php

Line Number: 156

Backtrace:

File: /var/www/medlegal.legatoapp.com/application/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /var/www/medlegal.legatoapp.com/application/third_party/MX/Loader.php
Line: 192
Function: library

File: /var/www/medlegal.legatoapp.com/application/third_party/MX/Loader.php
Line: 153
Function: libraries

File: /var/www/medlegal.legatoapp.com/application/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /var/www/medlegal.legatoapp.com/application/controllers/Home.php
Line: 13
Function: __construct

File: /var/www/medlegal.legatoapp.com/index.php
Line: 315
Function: require_once

Medlegal | Get Started

Deed of Dissolution of Partnership

Dissolution of a partnership deed is a legal document where the partners of the business decide to terminate partnership between them.

  • We work with the best Attorneys

    Our platform connects you to highly rated lawyers

  • Lawyers draft your Document

    The first draft will be shared with you in four days

  • Revisions are free!

    Two rounds of iterations at no extra cost

Dissolution of a partnership deed is a legal document where the partners of the business decision to terminate partnership between them. It defines the terms under which the partners agreed to dissolve and wind-up the partnership. It also outlines the steps for the process of dissolution of the partnership. It is the process where the relationship between the partners of the firm is terminated or dissolved. When the relationship between all the partners is dissolved, then it is called a dissolution of the firm.

After the process of dissolution of partnership firm, the relationship between the existing partner's changes. However, the firm continues its business and activities. The dissolution of partnership takes place for the following means:

  • Admission of the new partner
  • Change in the profit sharing ratio
  • Retirement of the partner
  • Death of the partner
  • Insolvency of a partner

Content of Deed of Dissolution of Partnership -

  • The date when the partnership will stop trading and dissolve
  • The process of winding up the firm
  • After the dissolution, what the partners can do until the process of winding up
  • The realization of the assets of the firm, termination of contract and other arrangements and the procedure to return the documents
  • The discharge of the liabilities of the partnership firm
  • The approval of the partnership's final set of accounts
  • The distribution of any partnership monies after discharging the liabilities
  • The notification of the dissolution

Why Legato?

Connect with a Legal Expert easily
Legato is your one stop destination with everything related to legal. It empowers you with access to a network of verified lawyers providing their services at all costs. Moreover, our dedicated Case Follow-Up Manager will assist and update you with the progress.

Verified lawyer network
Our network for 1000+ verified lawyers will not only assist you with your case but update you and advise you with things to do & not to do.

Quick results
Once, the legal expert is finalized, you are ready for quick action related to your work. Majority of the lawyers will share a time estimate of what to expect moving forward.

Don't know whom to connect with?

Faq's

You need to select one of the Lawyers considering your case category and profile of the Lawyers. Once you are sure with the Lawyer, you need to select call option given in the profile page of the Lawyer, in the website as well as in the mobile app. After selecting the call option,the time slot needs to be selected, and payment needs to be made for confirmation of the call consultation. At the selected time our system shall connect you and Lawyer We have half an hour time slots placed for every call consultation and after said time slot selected call shall automatically get disconnected.

Kindly make sure that you keep all information and documents about the matter handy before the time of call so that to avoid any delays.

A PHP Error was encountered

Severity: Warning

Message: session_write_close(): Failed to write session data (user). Please verify that the current setting of session.save_path is correct (/var/lib/php/sessions)

Filename: Unknown

Line Number: 0

Backtrace: