In most cases, dissolution provisions in a partnership agreement will state that all or a majority of partners must consent before the partnership can dissolve. In such cases, you should have all partners vote on a resolution to dissolve the partnership.

Dissolution of a partnership firm merely involves a change in the relation of partners; whereas the dissolution of firm amounts to a complete closure of the business.

There are certain clauses/situations wherein the partnership firm can be/is dissolved:

1.On account of the end of a project/endeavor which the firm was formed to undertake.
2.By the death of a partner.
3.By the adjudication of a partner as an insolvent or one or more partners.
4.By the expiry of a partnership period. Some firms are started with a clear view of the tenure for which the partnership will    exist. Such partnerships will, naturally, come to an end once the period of partnership is complete.

1.Dissolution by mutual consent

2.Dissolution by notice

3.Dissolution due to contingencies

4.Compulsory dissolution

5.Dissolution by Court