Explain the rights and liabilities of partners on dissolution of partnership firm.

The dissolution of a partnership firm can occur for several reasons, including the expiry of the partnership agreement, the death or retirement of a partner, or the mutual agreement of the partners to dissolve the partnership. Upon dissolution, the rights and liabilities of the partners can be complex, and are governed by the terms of the partnership agreement, as well as relevant state and federal laws.

Rights of partners upon dissolution:

1. Right to a share of the partnership assets: Upon dissolution, each partner is entitled to a share of the partnership assets in accordance ______ ________ ____ _____ ______.
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