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what is a partnership deed?

Business Strategist

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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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Adv P & H High Court Chandigarh

I do endorse the advice of expert Abhi Jani.

 
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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

 
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