The partnership is a contractual relationship among the partners; they are all agents and principals of each other. Expressly or impliedly that means no partner can disobey the partnership agreement or fail to follow any properly made partnership decision. This includes the duty to act within the authority expressly or impliedly given in the partnership agreement, and a partner is responsible to the other partners for damages or losses arising from unauthorized activities.
You are here
Home » Law for Entrepreneurs » Partnership Operation and Termination » Operation: Relations among Partners » Duties Partners Owe Each Other
Duty of Obedience