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Duties(Obligations) of Partners

Alongwith the above rights, a partner also has some duties towards partnership. These are:
1. To devote time and attention to the business of the partnership.
2. To carry on the business diligently and with the greatest common advantage.
3. Not to engage in competition against the firm. If he does so, he must account for the profits made in the competing business.
4. To hold and use the property of the firm only for the firm.
5. To act within the authority.
6. To make good the loss that may have been caused by his willful neglect or breach of trust.
 

Awsurvey