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Wrongful Dissociations
Refers to instances where a member of a partnership or an entity leaves the partnership in violation of the agreement or under circumstances that are damaging to the partnership's or the entity's operations.
Wrongful Dissociation
A term referring to the improper withdrawal of a partner from a partnership or a member from a limited liability company (LLC), which can lead to potential legal and financial penalties.
Partnership Agreement
A contract between partners in a business that outlines the terms, conditions, and distribution of profits and losses.
Dissolution
The process of legally dissolving a corporation or partnership, effectively terminating its existence.
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