Legal Term: DISSOLUTION

Definition: contracts. The dissolution of a contract, is the annulling its effects between the contracting parties. 2. This dissolution of a partnership, is the putting an end to the partnership. Its dissolution does not affect contracts made between the. partners and others, so that they are entitled to all their rights, and they are liable on their obligations, as if the partnership had not been dissolved. Vide article Partnership and 3 Kent, Com. 27 Danes Ab. h. t., Gow on Partn. Index, h. t., Wats. on Partn. h. t., Bouv. Inst. Index, h. t.

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