Breach of Fiduciary Duty
Partners owe each other a duty of honesty, loyalty, and good faith. Any act that betrays this trust is considered misconduct.

• Withholding financial records or misrepresenting facts
  
• Diverting business opportunities for personal gain
  
• Failing to disclose conflicts of interest
  
• Acting against the firm’s interest for personal benefit
  
• Secretly competing with or working for a rival business
  

Financial Irregularities and Misuse of Funds
Improper handling of the firm’s financial resources or accounts is a serious form of misconduct.

• Embezzlement or misappropriation of partnership funds
  
• Unauthorized withdrawals or unrecorded drawings
  
• Falsifying books of accounts or hiding liabilities
  
• Using firm assets for personal use without consent
  
• Concealing profits or manipulating expense entries
  

Violation of Partnership Deed Terms
Ignoring or breaching the written terms of the partnership agreement is misconduct, whether intentional or negligent.

• Failing to perform assigned roles or responsibilities
  
• Making decisions without partner approval when required
  
• Bringing in a new partner or altering the business without consent
  
• Violating agreed profit-sharing or capital contribution rules
  
• Not complying with the firm’s internal governance procedures
  

Illegal or Immoral Conduct
A partner’s conduct outside the firm can also qualify as misconduct if it affects the firm’s reputation or legal standing.

• Engaging in criminal activity (fraud, theft, corruption, etc.)
  
• Causing reputational damage through immoral public behavior
  
• Getting convicted for offences involving moral turpitude
  
• Defaming the firm or fellow partners in public or to clients
  
• Violating government regulations while acting on behalf of the firm
  

Persistent Negligence or Mismanagement
Consistent failure to carry out partnership duties or mismanaging operations can be treated as misconduct.

• Ignoring client obligations or deadlines
  
• Frequently missing meetings or key decisions
  
• Incurring unnecessary expenses or losses through poor judgment
  
• Failing to comply with regulatory filings and taxes
  
• Undermining teamwork and damaging internal communication