When a partner retires from the business, the partner's interest may be purchased by one or more of the remaining partners or by an outside party.

Name: When a partner retires from the business, the partner's interest may be purchased by one or more of the remaining partners or by an outside party.
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When a partner retires from the business, the remaining partners or an outside party can buy the retired partner's interest.

When a Partner Retires from the Business, the Partner's Interest