Section 53
Right to restrain from use of firm name or firm property.
The Indian Partnership Act, 1932
About this Act
An Act to define and amend the Law Relating to Partnership.
After a firm is dissolved, every
partner or his representative may, in the absence of a contract between the partners to the contrary,
restrain any other partner or his representative from carrying on a similar business in the firm name or
from using any of the property of the firm for his own benefit, until the affairs of the firm have been
completely wound up:
Provided that where any partner or his representative has bought the goodwill of the firm, nothing in this section shall affect his right to use the firm name.
Provided that where any partner or his representative has bought the goodwill of the firm, nothing in this section shall affect his right to use the firm name.