Under the Indian Partnership Act, 1932, where the goodwill of a firm is sold after dissolution, the…

Under section 55(2) of the Indian Partnership Act, after the goodwill of a firm is sold on dissolution, a partner "may carry on a business competing with that of the buyer" and may advertise it.

Unless otherwise agreed, he may not use the firm name, represent himself as carrying on the business of the firm, or solicit the custom of persons who dealt with the firm before its dissolution.