Partner contractual autonomy permits defining mutual rights and duties and restricting outside business during partnership. Partners' mutual rights and duties are determined by contract between them, which may be express or implied by conduct, and may be varied by the consent of all partners, likewise express or implied. Such partnership contracts may lawfully provide that a partner shall not carry on any business other than that of the firm while he is a partner, permitting contractual restrictions on competing activities within the partnership relationship.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Partner contractual autonomy permits defining mutual rights and duties and restricting outside business during partnership.
Partners' mutual rights and duties are determined by contract between them, which may be express or implied by conduct, and may be varied by the consent of all partners, likewise express or implied. Such partnership contracts may lawfully provide that a partner shall not carry on any business other than that of the firm while he is a partner, permitting contractual restrictions on competing activities within the partnership relationship.
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