A Dissolution Agreement is an official document that states two parties mutually ended a certain partnership. When an agreement is dissolved, either both parties agree or the court decides that the contract is no longer irrevocable. And when the agreement has formally been dissolved, both parties go back to their status before the agreement has been made. It is where a dissolution agreement comes in handy because shareholders may come and go. Termination or withdrawal of partnerships in businesses is truly inevitable.
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