Duties within a Partnership

The video tutorial discusses the duties and responsibilities of general partners within a general partnership. It covers the default rules, limitations set by partnership agreements, and fiduciary duties such as loyalty and care. The duty of care requires partners to avoid actions that harm the partnership, while the duty of loyalty prohibits prioritizing personal interests over the partnership. Breaches of these duties, like usurping partnership benefits, are actionable by the partnership or other partners.

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