What are partner's duties in a business partnership?
Duties of Partners. Each partner owes a duty of loyalty to the partnership, and this duty bars the making of any secret profit at the expense of the firm and bars the use of the firm's property for personal benefit. A partner cannot promote a competing business, and if he does so, he can be liable for any damages sustained by the partnership.
DA: 5 PA: 89 MOZ Rank: 17