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Notwithstanding the foregoing, the death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of any other event that terminates the continued membership of any Member in the Company under the Delaware Act shall not, in and of itself, cause the dissolution of the Company. 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The dissolution of the Company by any action not specifically set forth above shall be a dissolution in breach and in contravention of this Agreement.", "size": 2, "hash": "836c0e542c85af4180d17bee26d2f2f0", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpkaXNzb2x2aW5nLWV2ZW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [], "title": "Dissolving Events", "size": 213, "parents": [["audits-of-income-tax-returns", "Audits of Income Tax Returns"], ["indemnification-of-tmp", "Indemnification of TMP"], ["construction", "Construction"], ["limitation", "Limitation"], ["organization", "Organization"]], "id": "dissolving-events", "related": [["liquidating-events", "Liquidating Events", "Liquidating Events"], ["dissolution-events", "Dissolution Events", "Dissolution Events"], ["dissolution-event", "Dissolution Event", "Dissolution Event"], ["dissolution-and-winding-up-of-the-company", "Dissolution and Winding Up of the Company", "Dissolution and Winding Up of the Company"], ["continuation-of-the-business-of-the-partnership-after-dissolution", "Continuation of the Business of the Partnership After Dissolution", "Continuation of the Business of the Partnership After Dissolution"]], "related_snippets": [], "updated": "2025-09-06T04:37:44+00:00", "also_ask": ["What events should be explicitly included or excluded as triggers for dissolution?", "How can parties negotiate protections against opportunistic invocation of dissolving events?", "What are the most common legal pitfalls or ambiguities in defining dissolving events?", "How do courts typically interpret and enforce dissolving event provisions in disputes?", "How do dissolving event clauses in this agreement compare to industry standards or statutory defaults?"], "drafting_tip": "Specify triggering events, outline dissolution procedures, and allocate remaining assets to ensure clarity, prevent disputes, and facilitate orderly winding up.", "explanation": "The \"Dissolving Events\" clause defines specific circumstances under which a partnership, company, or contractual relationship may be formally ended or dissolved. Typically, this clause outlines events such as bankruptcy, mutual agreement, expiration of a set term, or the occurrence of a particular event that triggers dissolution. By clearly identifying these triggers, the clause provides a structured process for winding up affairs and distributing assets, thereby ensuring all parties understand when and how the relationship can be legally terminated and reducing the risk of disputes."}, "json": true, "cursor": ""}}