Explain this line- dissolution can take place by giving the written notice expressing the intention
A firm may be dissolved by the agreement from all the partners.
A notice expressing intention means that the partner/s are conveying their intention of dissolution in writing to other partners. And when all partners agree, the firm can be dissolved. As in case of partnership at will, someone has to initiate the idea of dissolution so that they can do by agreement. So, it is started by writing a notice.
A notice expressing intention means that the partner/s are conveying their intention of dissolution in writing to other partners. And when all partners agree, the firm can be dissolved. As in case of partnership at will, someone has to initiate the idea of dissolution so that they can do by agreement. So, it is started by writing a notice.