# Tenn. Code Ann. § 61-1-103: Effect of partnership agreement - Nonwaivable provisions > Tennessee · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-103 ## Section - **Citation:** Tenn. Code Ann. § 61-1-103 - **Heading:** Effect of partnership agreement - Nonwaivable provisions - **Jurisdiction:** Tennessee - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** TN Code / Title 61 / Chapter 1 / Section 61-1-103 ## Text (a) Except as otherwise provided in subsection (b), relations among the partners and between the partners and the partnership are governed by the partnership agreement. To the extent the partnership agreement does not otherwise provide, this chapter governs relations among the partners and between the partners and the partnership. (b) The partnership agreement may not: (1) Vary the rights and duties under § 61-1-105 except to eliminate the duty to provide copies of statements to all of the partners; (2) Unreasonably restrict the right of access to books and records under § 61-1-403(b) ; (3) Eliminate the duty of loyalty under § 61-1-404(b)(1) and (2) or § 61-1-603(b)(3) , but: (A) The partnership agreement may identify specific types or categories of activities that do not violate the duty of loyalty, if not manifestly unreasonable; or (B) All of the partners or a number or percentage specified in the partnership agreement may authorize or ratify, after full disclosure of all material facts, a specific act or transaction that otherwise would violate the duty of loyalty; (4) Unreasonably reduce the duty of care under § 61-1-404(c) or § 61-1-603(b)(3) ; (5) Eliminate the obligation of good faith and fair dealing under § 61-1-404(d) , but the partnership agreement may prescribe the standards by which the performance of the obligation is to be measured, if the standards are not manifestly unreasonable; (6) Vary the power to dissociate as a partner under § 61-1-602(a) , except to require the notice under § 61-1-601(1) to be in writing; (7) Vary the right of a court to expel a partner in the events specified in § 61-1-601(5) ; (8) Vary the requirement to wind up the partnership business in cases specified in § 61-1-801(4), (5), or (6) ; or (9) Vary the law applicable to a limited liability partnership under § 61-1-106(c) . Acts 2001, ch. 353; 2002, ch. 563, § 2. (a) Except as otherwise provided in subsection (b), relations among the partners and between the partners and the partnership are governed by the partnership agreement. To the extent the partnership agreement does not otherwise provide, this chapter governs relations among the partners and between the partners and the partnership. (b) The partnership agreement may not: (1) Vary the rights and duties under § 61-1-105 except to eliminate the duty to provide copies of statements to all of the partners; (2) Unreasonably restrict the right of access to books and records under § 61-1-403(b) ; (3) Eliminate the duty of loyalty under § 61-1-404(b)(1) and (2) or § 61-1-603(b)(3) , but: (A) The partnership agreement may identify specific types or categories of activities that do not violate the duty of loyalty, if not manifestly unreasonable; or (B) All of the partners or a number or percentage specified in the partnership agreement may authorize or ratify, after full disclosure of all material facts, a specific act or transaction that otherwise would violate the duty of loyalty; (4) Unreasonably reduce the duty of care under § 61-1-404(c) or § 61-1-603(b)(3) ; (5) Eliminate the obligation of good faith and fair dealing under § 61-1-404(d) , but the partnership agreement may prescribe the standards by which the performance of the obligation is to be measured, if the standards are not manifestly unreasonable; (6) Vary the power to dissociate as a partner under § 61-1-602(a) , except to require the notice under § 61-1-601(1) to be in writing; (7) Vary the right of a court to expel a partner in the events specified in § 61-1-601(5) ; (8) Vary the requirement to wind up the partnership business in cases specified in § 61-1-801(4), (5), or (6) ; or (9) Vary the law applicable to a limited liability partnership under § 61-1-106(c) . (1) Vary the rights and duties under § 61-1-105 except to eliminate the duty to provide copies of statements to all of the partners; (2) Unreasonably restrict the right of access to books and records under § 61-1-403(b) ; ent to wind up the partnership business in cases specified in § 61-1-801(4), (5), or (6) ; or (9) Vary the law applicable to a limited liability partnership under § 61-1-106(c) . (1) Vary the rights and duties under § 61-1-105 except to eliminate the duty to provide copies of statements to all of the partners; (2) Unreasonably restrict the right of access to books and records under § 61-1-403(b) ; (3) Eliminate the duty of loyalty under § 61-1-404(b)(1) and (2) or § 61-1-603(b)(3) , but: (A) The partnership agreement may identify specific types or categories of activities that do not violate the duty of loyalty, if not manifestly unreasonable; or (B) All of the partners or a number or percentage specified in the partnership agreement may authorize or ratify, after full disclosure of all material facts, a specific act or transaction that otherwise would violate the duty of loyalty; (A) The partnership agreement may identify specific types or categories of activities that do not violate the duty of loyalty, if not manifestly unreasonable; or (B) All of the partners or a number or percentage specified in the partnership agreement may authorize or ratify, after full disclosure of all material facts, a specific act or transaction that otherwise would violate the duty of loyalty; (4) Unreasonably reduce the duty of care under § 61-1-404(c) or § 61-1-603(b)(3) ; (5) Eliminate the obligation of good faith and fair dealing under § 61-1-404(d) , but the partnership agreement may prescribe the standards by which the performance of the obligation is to be measured, if the standards are not manifestly unreasonable; (6) Vary the power to dissociate as a partner under § 61-1-602(a) , except to require the notice under § 61-1-601(1) to be in writing; (7) Vary the right of a court to expel a partner in the events specified in § 61-1-601(5) ; (8) Vary the requirement to wind up the partnership business in cases specified in § 61-1-801(4), (5), or (6) ; or (9) Vary the law applicable to a limited liability partnership under § 61-1-106(c) . Acts 2001, ch. 353; 2002, ch. 563, § 2. ## Nearby sections - [Tenn. Code Ann. § 61-1-101 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-101.md) - [Tenn. Code Ann. § 61-1-102 Knowledge and notice](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-102.md) - [Tenn. Code Ann. § 61-1-103 Effect of partnership agreement - Nonwaivable provisions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-103.md) - [Tenn. Code Ann. § 61-1-104 Supplemental principles of law](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-104.md) - [Tenn. Code Ann. § 61-1-105 Execution, filing, and recording of statements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-105.md) - [Tenn. Code Ann. § 61-1-106 Governing law](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-106.md) - [Tenn. 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Code Ann. § 61-1-303 Statement of partnership authority](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-303.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-103. Check the current official text before relying on it. Not legal advice.