In a legal firm, Jeff, Kirk, and Reena are partners. If Reena leaves the partnership and Jeff and Kirk continue to run the company, the partnership is dissolved. This assertion is true.
If one of the partners in a general partnership decides to leave, the partnership is dissolved. According to the conditions of its governing agreement, the partnership may be immediately dissolved if one of the partners retires, passes away, or declares bankruptcy.
Alternately, it's possible that the partnership's goals have been achieved and the parties' formal connection is no longer required. The regulations that apply to the dissolution of the partnership and division of the assets are laid forth in a partnership agreement, but these are independent issues.
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