Quantum communication protocols require maximally entangled state of pair of qubits (spin-1/2 states in this context) to be shared between sender and the receiver. The entangled qubits lose entanglement because of random magnetic field disturbances. The dynamics in the form of joint density matrix of random pure entangled state provide the steady (joint) state and the associated timescales (time taken by the pair to reach the steady state) providing a scope in future to quantify the effective utilization of quantum communication protocols. / The dynamics of an identical pair of entangled spin-1/2 particles, both subjected to the identical, independent, correlated random magnetic fields is studied. The dynamics of the pure joint state of the pair is derived using stochastic calculus. In case of identical fields, an ensemble of such pure states are combined using the modified spin joint density matrix and the joint relaxation time is obtained for the pair of spin-1/2 particles. These dynamics can be interpreted as special kind of correlations involving the spatial components of the Bloch polarization vectors of the constituent entangled spin-1/2 particles. In case of independent random magnetic fields, the dynamics are obtained by considering a pure joint state of entangled spin-1/2 particles. The disentanglement time defined as the time taken for the particles to become disentangled, is obtained. In case of correlated random magnetic fields, the dynamics of a maximally entangled pair of spin-1/2 particles are derived in terms of the joint density matrix of the entangled pair from which the steady state density matrix and the associated timescale for it to be reached are obtained. The asymptotic density matrix in this case represents a state of (partial) disentanglement. In other words, there is a persistent entanglement in case of correlated field disturbances. / Thesis / Doctor of Philosophy (PhD) / Maximally entangled pair of quantum bits (in the form of spin-1/2 states) lose entanglement either partially or completely depending upon the nature of random magnetic field disturbances around them (correlated/independent/identical fields). The dynamics of entangled states (in the form of density matrix of a random pure state) in the presence of random magnetic fields are obtained using the ideas of stochastic calculus to understand the steady state of the pair and the associated timescales to be reached.