What defines the legal rights and duties among partners in a partnership?

The legal rights and duties among partners in a partnership are defined primarily by the relations of partners. This encompasses the agreements, both written and verbal, that establish the framework for how partners will interact, share profits and losses, and manage the partnership's operations.

In a partnership, the foundational principles that govern the relationships and responsibilities of the partners are typically outlined in a partnership agreement. This agreement serves as the bedrock for defining the roles, contributions, and entitlements of each partner, ensuring clarity in operations and reducing the potential for disputes.

While other factors, such as the general nature of partnership, registration of the firm, and specific acts governing limited liability partnerships, play important roles in the broader context of partnership law, they do not directly define the specific legal rights and duties among partners. Each element influences partnerships, but the relations of partners is the critical component that explicitly dictates how partners will engage with one another.