Partners in a partnership organization have several key responsibilities, primarily centered on acting in the best interests of the partnership and each other. These responsibilities include:

• Fiduciary Duties: Partners owe fiduciary duties such as loyalty, good faith, care, and full disclosure to the partnership and fellow partners. They must avoid conflicts of interest, maintain trust, and act honestly and fairly in all business dealings

• Management and Decision-Making: In general partnerships, partners typically participate in daily operations and share equal liability. They are responsible for making strategic decisions and setting the overall direction of the company

• Accountability and Transparency: Partners must render true accounts and provide full information about the partnership’s affairs. They are accountable for any personal profits earned and must compensate for any losses caused by fraud or misconduct within the partnership

• Profit Sharing and Liability: Partners share profits according to the partnership agreement and are personally liable for partnership obligations, including contracts entered into by other partners in general partnerships

• Conflict Resolution and Governance: Partnerships should have clear procedures for resolving disputes, managing partner changes (such as death or withdrawal), and governing the partnership's operations, often through a governance board or agreed rules

• Role Assignment: Partners should take active roles based on their skills and agree on the division of labor to ensure smooth business operations and avoid conflicts

In summary, partners are responsible for managing the business collaboratively, acting with honesty and care, sharing profits and liabilities as agreed, maintaining transparency, and resolving conflicts effectively to promote the partnership’s success