What are the different ways in which a partner can retire from the firm?
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A partner may decide to retire or withdraw from the firm due toreasons such as his age, his bad health, change in firm's nature of a business, etc. In case ofPartnership at Will, a partner mayretire at any time. ... For example, X, Y, and Z are partners in the firmsharing profits in the ratio of 3:2:1.
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A partner may decide to retire or withdraw from the firm due toreasons such as his age, his bad health, change in firm's nature of a business, etc. In case ofPartnership at Will, a partner mayretire at any time. ... For example, X, Y, and Z are partners in the firmsharing profits in the ratio of 3:2:1.
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