Vt. Stat. Ann. tit. 11, § 3271

A partnership is dissolved, and its business must be wound up, only upon the occurrence of any of the following events:

(1) in a partnership at will, the partnership's having notice from a partner, other than a partner who is dissociated under subdivisions 3251(2) through (10) of this title, of that partner's express will to withdraw as a partner, or on a later date specified by the partner;

(2) in a partnership for a definite term or particular undertaking: the expiration of 90 days after a partner's dissociation by death or otherwise under subdivisions 3251(6) through (10) of this title or wrongful dissociation under subsection 3252(b) of this title, unless before that time a majority in interest of the remaining partners, including partners who have rightfully dissociated pursuant to subdivision 3252(b)(2)(A) of this title, agree to continue the partnership;

(3) the express will of all of the partners to wind up the partnership business; or

(4) the expiration of the term or the completion of the undertaking;

(5) an event agreed to in the partnership agreement resulting in the winding up of the partnership business;

(6) an event that makes it unlawful for all or substantially all of the business of the partnership to be continued, but a cure of illegality within 90 days after notice to the partnership of the event is effective retroactively to the date of the event for purposes of this section;

(7) on application by a partner, a judicial determination that: the economic purpose of the partnership is likely to be unreasonably frustrated;

(8) another partner has engaged in conduct relating to the partnership business which makes it not reasonably practicable to carry on the business in partnership with that partner; or

(9) it is not otherwise reasonably practicable to carry on the partnership business in conformity with the partnership agreement; or

(10) on application by a transferee of a partner's transferable interest, a judicial determination that it is equitable to wind up the partnership business: after the expiration of the term or completion of the undertaking, if the partnership was for a definite term or particular undertaking at the time of the transfer or entry of the charging order that gave rise to the transfer; or