Indian Partnership Act

Duty to indemnify for loss caused by fraud.— Everypartner shall indemnify the firm for any loss caused to it by his fraud in the conduct of the business of the firm.

Determination of rights and duties of partners by contract between the partners. Agreements in restraint of trade.— (1) Subject to the provisions of this Act, the mutual rights and duties of the partners of a… 

The conduct of the business.— Subject to contract between the partners— (a) every partner has a right to take part in the conduct of the business; (b) every partner is bound to attend diligently to… 

Mutual rights, and liabilities.— Subject to contract between the partners— (a) a partner is not entitled to receive remuneration for taking part in the conduct of the business; (b) the partners are entitled to share… 

The property of the firm.— Subject to contract between the partners, the property of the firm includes all property and rights and interests in property originally brought into the stock of the firm, or acquired,… 

Application of the property of the firm.— Subject to contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business.

Personal profits earned by partners.— Subject to contract between the partners,— (a) if a partner derives any profits for himself from any transaction of the firm, or from the use of the property or business… 

Rights and duties of partners— after a change in the firm, after the expiry of the term of the firm, and—where additional undertakings are carried out.— Subject to contract between the partners,— (a) where a… 

Partner to be agent of the firm.— Subject to the provisions of this Act, a partner is the agent of the firm for the purposes of the business of the firm.