(a) Except as otherwise provided in subsection (b) of this section, 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 act 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 section 53-3-105 , Idaho Code, 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 section 53-3-403 (b), Idaho Code, or the right to be furnished with information under section 53-3-403 (c), Idaho Code; (3) Eliminate the duty of loyalty under section 53-3-404 (b) or section 53-3-603 (c), Idaho Code, but if not manifestly unreasonable: (i) The partnership agreement may identify specific types or categories of activities that do not violate the duty of loyalty; or (ii) 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 section 53-3-404 (c) or section 53-3-603 (c), Idaho Code; (5) Eliminate the obligation of good faith and fair dealing under section 53-3-404 (d), Idaho Code, 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 section 53-3-602 (a), Idaho Code, except to require the notice under section 53-3-601 (1), Idaho Code, to be in writing; (7) Vary the right of a court to expel a partner in the events specified in section 53-3-601 (5), Idaho Code; (8) Vary the requirement to wind up the partnership business in cases specified in section 53-3-801 (4), (5) or (6), Idaho Code; (9) Vary the law applicable to a limited liability partnership under section 53-3-106 (b), Idaho Code; or (10) Restrict rights of third parties under this act.
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