LLB Varun

Continuing authority of partners for purposes of winding up.— After the dissolution of a firm the authority of each partner to bind the firm, and the other mutual rights and obligations of the partners, continue… 

Mode of settlement of accounts between partners.— In settling the accounts of a firm after dissolution, the following rules shall, subject to agreement by the partners, be observed: — (a) Losses, including deficiencies of capital,… 

Payment of firm debts and of separate debts.— Where there are joint debts due from the firm, and also separate debts due from any partner, the property of the firm shall be applied in the… 

Personal profits earned after dissolution.— Subject to contract between the partners, the provisions of clause (a) of section 16 shall apply to transactions by any surviving partner or by the representatives of a deceased partner,… 

Return of premium on premature dissolution.— Where a partner has paid a premium on entering into partnership for a fixed term, and the firm is dissolved before the expiration of that term otherwise than by… 

Rights where partnership contract is rescinded for fraud or misrepresentation.— Where a contract creating partnership is rescinded on the ground of the fraud or misrepresentation of any of the parties thereto, the party entitled to… 

Right to restrain from use of firm name or firm property.— After a firm is dissolved, every partner or his representative may, in the absence of a contract between the partners to the contrary, restrain… 

Agreements in restraint of trade.— Partners may, upon or in anticipation of the dissolution of the firm, make an agreement that some or all of them will not carry on a business similar to that… 

Sale of goodwill after dissolution. Rights of buyer and seller of goodwill. Agreements in restraint of trade.— (1) In settling the accounts of a firm after dissolution, the goodwill shall, subject to contract between the…