If you are in a partnership, you need to share any benefits you get from the partnership with your partners. This means if you make money or get something valuable from a deal that involves the partnership, you must tell your partners about it. You also need to share any benefits you get from using things that belong to the partnership, like its property, name, or business connections.

You can't keep these benefits for yourself unless all your partners agree that it's okay. This rule is to make sure everyone in the partnership is treated fairly.

This rule still applies even if one of the partners has died and the partnership is being closed down. If you're a partner who is still alive, or if you're taking care of the affairs of a partner who has died, you still need to share any benefits you get from partnership deals during this time.