When does the dissolution of a partnership occur if the partnership is formed for a specific period of time?

After the expiry of the partnership period

If a partnership is formed for a specific period of time, the dissolution of the partnership occurs after the expiry of that specific period. The partnership agreement specifies the duration for which the partnership will be in existence. Once that specified period comes to an end, the partnership is dissolved. In this case, the dissolution of the partnership is not triggered by the death of a partner, retirement of a partner, or the completion of a venture. Instead, it is directly tied to the expiration of the agreed-upon partnership period. It's important to note that if the partners wish to continue the partnership beyond the specified period, they would need to enter into a new agreement or renew the existing partnership agreement. Without such an extension or renewal, the partnership will automatically dissolve after the expiry of the partnership period as per the original agreement.