What is one obligation a partner has under the duty of loyalty?

A partner has a duty of loyalty primarily to act in the best interests of the partnership. One of the main obligations under this duty is to avoid conflicts of interest. This means that a partner should not engage in activities or transactions that might benefit themselves at the expense of the partnership or the interests of their co-partners. By avoiding conflicts of interest, partners can foster trust and cooperation within the partnership, which is essential for its success.

Maintaining this aspect of the duty of loyalty also helps ensure that all partners can work together harmoniously without undermining each other's interests. It establishes a foundation of fairness and integrity, which is crucial in a partnership setting where collaborators rely on one another to uphold their commitments and ideas. By prioritizing the partnership's needs and avoiding personal gain at the expense of the group, partners can effectively uphold their fiduciary obligations.