John Miller (Business Strategist) 11 March 2020

What is a partnership deed?

Image result for partnership deed

3 Replies

abhi jani 11 March 2020

A partnership deed is a legal document containing the details of the partnership firm, its partners and their rights & responsibilities. It is signed by all the partners hence they are abiding to the deed. Following are the clauses which are included in the partnership deed.

Name of the firm
Place of business
Object of business
Term of business
Partners details
Date of the deed
Capital clause
Profit & loss sharing ratio
Remuneration to partners if any
Admission & Retirement of partner
Rights and duties of partner
Dispute resolution method

Raj Kumar Makkad (Adv P & H High Court Chandigarh) 12 March 2020

I do endorse the advice of expert Abhi Jani.

Kavya Sreejith 13 May 2020

Greetings!

Partnership deed is a legal document that aimed at ensuring no confusion with regard to details of the partnership and it needs to be signed by all the partners of the firm. You may find more about it at https://www.lawyersclubindia.com/articles/faq-on-partnership-1390.asp

Regards