Dissolution

In Contracts. The dissolution of a contract is the annulling thereof by the contracting parties. Of Corporations. The termination of the corporate existence in any manner, whether by expiration of the charter, decree of court, act of the legislature, etc. In Practice. The act of rendering a legal proceeding null, or changing its character; as, a foreign attachment in Pennsylvania is dissolved by entering bail to the action; injunctions are dissolved by the court.