rights of a partner

 Rights of Partners
1) Every partner has a right to take part in the conduct and
management  of the business.
2) Every partner has a right to express opinion  on any matter related
to the firm
.3) Every partner has a right to be consulted before taking important
decisions.
4) Every partner has a right to inspect and take copy of books of account
and records of the firm.
5) Every partner has the right to an equal share in the profits of the
firm unless otherwise agreed by the partners.
6) Every partner has the right to receive interest on loans and advances
at the rate of 6% per annum.
7) Every partner has the right to be indemnified for the expenses
incurred  and losses sustained by him in the ordinary conduct of
the firm’s business.
8) Every partner has an equal right to use the assets of the firm for
its business.
9) No new partner can be admitted  into partnership without the
consent of other partners.
10) Every partner has a right to retire from the firm.