DISSOLUTION

Act or process of dissolving; termination; winding
up. In this sense it is frequently used in the phrase
dissolution of a partnership.
The dissolution of a contract is its RESCIS-
SION by the parties themselves or by a court that
nullifies its binding force and reinstates each
party to his or her original position prior to the
contract.
The dissolution of a corporation is the ter-
mination of its existence as a legal entity. This
might occur pursuant to a statute, the surrender