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Liability to Third Parties
A legal obligation to compensate individuals not directly involved in a contract or agreement for any injuries or damages caused.
Right to Dissociate
The legal ability of a partner to leave a partnership under laws governing business partnerships, potentially triggering buyout provisions or dissolution of the partnership.
Dissociate
To separate or remove oneself from an association, relationship, or partnership.
Partnership
Two or more individuals engaging in a legal business structure, where management roles and profits are shared.
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