Duty of partner not to compete with firm

In force

(1)

If a partner in a firm carries on, without the consent of the other partners in the firm, a business of the same nature as, and competing with, that of the firm, the partner so carrying on business shall account for and pay over to the firm all profits made by the partner in the business.

(2)

This section does not apply in relation to an incorporated limited partnership.

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35 Duty of partner not to compete with firm