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Chapter 2 - Gwu

Chapter 2 - Gwu

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Terminating the Partnership<br />

� The right to dissolve<br />

� Consequences of dissolution<br />

� Overview of the process [Differences between UPA & RUPA]<br />

� Disposing the partnership’s assets/business<br />

� Continuation per agreement<br />

� Continuation following wrongful dissolution<br />

� Division of remaining profits/losses<br />

� Exit Mechanism: Buy-out agreements<br />

(c) 2004 196

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