Partnership deed prior to initiation of business

Romy (Querist) 23 September 2014 This query is : Resolved
I want to seek opinion on fate of a partnership agreement made on non judicial stamp paper which we no longer wish to continue Now since it's pre business operational state and no bank account is opened in its name nor it's been registered

What do I need to do to exit it if thaw above state is true

What do I do in case it's been registered if I need to exit it

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Dr J C Vashista (Expert) 23 September 2014
Academic query with imaginary facts.

Rajendra K Goyal (Expert) 23 September 2014
Academic query.

ajay sethi (Expert) 23 September 2014
dissolve the partnership .

BAALASUBRAMANNYAMM (Expert) 23 September 2014
Since it is an un-registered Partnership Deed, simply you can execute a "Deed of Dissolve". If it is(the said Partnership Deed) registered, a "Deed of Dissolve" has to be registered with the concerned officer.

malipeddi jaggarao (Expert) 23 September 2014
Academic query.

H.M.Patnaik (Expert) 23 September 2014
U can go ahead to prepare a Deed of Dissolution to terminate the Deed of Partnership and get it signed by all parties who executed the original deed.

Surrender K Singal (Expert) 25 September 2014
well advised by HMP; To exit, you can send notice to retire from such partnership to the other partners;

T. Kalaiselvan, Advocate (Expert) 30 September 2014
As advised a dissolution of partnership deed may be executed to close the partnership as proposed.