A managing partner, like any other partner, is not entitled to remuneration for acting in the partnership business unless there is an express or implied agreement to that effect1. An exception to this rule is where an express (or perhaps an implied) obligation is, by virtue of a firm's partnership agreement, imposed upon partners to devote their whole time and attention to the firm's affairs and one or more partners in breach of this obligation wilfully leaves his or their co-partners to carry on the business unaided2.
After dissolution, however, a partner carrying on the firm's business in its winding
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