Partnerships – Episode 6: Disassociation and Dissolution

This episode explains the legal framework for partner exit (disassociation) and business termination (dissolution) in general partnerships under the Revised Uniform Partnership Act (RUPA). It outlines the events that trigger disassociation—voluntary or involuntary—and distinguishes between rightful and wrongful departures. It also examines how dissolution initiates the winding-up process, including asset liquidation, debt repayment, and final partner distributions. The role of partnership agreements in governing exit procedures and minimizing conflict is emphasized, along with practical considerations for planning transitions in advance. The episode concludes the core doctrine segment of the partnership series by situating disassociation and dissolution as natural parts of the business life cycle.