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LSDefine

Simple English definitions for legal terms

dissolution

Read a random definition: act-of-state doctrine

A quick definition of dissolution:

Term: Dissolution

Definition: Dissolution means ending a legal relationship between two parties, like a partnership, contract, or marriage. When partners in a partnership decide to end their relationship, it is called dissolution. This means that the partnership will be dissolved, and the assets will be liquidated. If a partner dies, it also counts as dissolution.

A more thorough explanation:

Definition: Dissolution is when a legal relationship between two parties, like a partnership, contract, or marriage, comes to an end or termination. In partnership law, dissolution is a significant change in the relationship between partners, which ends the governance-type relation among them. When a partner dies, it usually leads to the dissolution of a partnership. During dissolution, the partnership's assets are liquidated.

1. Partnership Dissolution: Two friends started a business together, but after a few years, they had a disagreement and decided to end their partnership. This is an example of dissolution because the legal relationship between the two partners has come to an end.

2. Marriage Dissolution: A couple decides to get a divorce, which is a legal process that leads to the dissolution of their marriage. This means that their legal relationship as a married couple has come to an end.

3. Contract Dissolution: A company hires a contractor to complete a project, but the contractor fails to deliver the work on time. The company decides to terminate the contract, which leads to the dissolution of their legal relationship.

These examples illustrate how dissolution is the act of ending a legal relationship between two parties, which can happen in various contexts, such as partnerships, marriages, or contracts.

dissenting opinion | dissolution of corporation

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TGM
18:27
dropped my GPA below median for a couple of schools I’m applying to, when I was above median before
Dkk
18:32
@TGM: Not long enough to get another transcript to recover.
Dkk
18:33
Honestly you could just wait until someone actually asks for your fall grades. Who knows.
Dkk
18:34
@wigwav: It looks like if below medians it will not help but If applying in November it seems you are still middle of the cycle.
18:34
@wigwav: nah
TGM
18:34
like am I expected to send it unprompted or can I wait until a school requested it
Dkk
18:35
@TGM: Expected to send it unprompted but you can wait and see.
18:36
Is your LSAT also below median?
TGM
18:37
It’s above median, but I’m applying T6 with unimpressive softs, so even with a good LSAT it’s tough
texaslawhopefully
18:38
Yeah, then I would just wait as long as you can to send it
texaslawhopefully
18:38
For like HLS at least, if you wait till J6 then you may already have a decision
TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
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