The dissolution of a partnership occurs when the business relationship between partners ends. This can happen for various reasons, such as mutual agreement, the expiration of a partnership term, or the withdrawal of a partner. When a partnership dissolves, the partners must settle any outstanding debts and distribute the remaining assets according to their partnership agreement. After the dissolution, the partners may choose to start a new business or pursue other ventures. It's important for partners to communicate openly during this process to ensure a smooth transition. Legal documents may also be needed to formalize the dissolution and protect the interests of all parties involved.