A Partnership Deed is a document which sets out the terms and conditions of a partnership between two or more individuals. It sets out the nature of the business, the partners' roles and responsibilities, and how profits and losses will be shared.
The Partnership Deed should be signed by all partners, and registered with the Registrar of Companies.
When drafting a partnership firm deed, it is important to include:
There are certain documents required for preparing a partnership deed in India. These documents are:
Once you have gathered this information and these documents, you can begin preparing the Partnership Deed itself. This should be done with the assistance of a lawyer, to ensure that all required legal formalities are complied with and that the agreement is correctly executed.
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