Lay the foundation of your business partnership with a legally sound and professionally drafted Partnership Deed.
A Partnership Deed is a formal legal agreement between two or more individuals who wish to run a business together as partners. This document outlines each partner’s role, profit-sharing ratio, responsibilities, capital contribution, decision-making authority, dispute resolution methods, and exit clauses.
Having a written Partnership Deed helps prevent misunderstandings, protects your interests, and ensures smooth business operations by clearly defining expectations.
A comprehensive Partnership Deed typically includes:
Your Partnership Deed is governed by the following Indian laws:
No, but registering the deed with the Registrar of Firms gives legal recognition and added protection.
Yes. You can amend the deed through a supplementary agreement signed by all partners.
Absolutely. A legally sound deed avoids future disputes and ensures compliance with Indian laws.
The firm will be governed by default provisions of the Indian Partnership Act, which may not suit your specific needs.
Yes. You can define active and silent roles clearly within the deed.