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Dissociated Partner
A partner who has severed their relationship with a partnership, resulting in a change in the business's management or structure.
Transaction
A business deal or action, such as buying, selling, or trading, involving two or more parties exchanging goods, services, or financial assets.
Continuing Partnership
A partnership that persists in conducting its business operations despite changes in its membership or structure.
Nonwrongfully Dissociates
The process by which a partner departs from a partnership according to the terms of the partnership agreement or without violating any legal obligations.
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