Criminal Trident Pack: IPC, CrPC and IEA by Sr. Adv. G.S Shukla and Adv. Raghav Arora
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Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     19 February 2020

A partnership deed also called as a partnership agreement, is a record that outlines in detail the rights and functionalities of all parties to a business operation. It has the force of law and is designed to guide the partners in the conduct of the business.

Akshay   19 February 2020

Hi 

Thank you for your question

Partnership Deeds:- A partnership is a unique form of business in which partners work together to achieve common goals. Due to this feature of partnerships, partners are allowed to decide the terms of their relationship with each other. The documents whcih they do so are called partnership deeds.

Hope this will help you

Best regards,

Akshay Gupta

LegalWizin (Online Legal Service)     22 February 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

Register your Partnership firm through the professionals at LegalWiz.in


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