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A Partnership Deed is a kind of written agreement between two or more people who agree to be the co-owners, distribute responsibilities for running an organization and share the income or losses that the business generates. It protects the rights and liabilities of the parties involved and helps avoid conflicts between parties involved.

Partnership Deed Contents For a general partnership deed below mentioned information should be included:

• The Partnership Firm name accepted by all the partners should be mentioned. The name should not have titles like “company” or “private company”
• Business nature should be mentioned
• It is instrumental in preventing occurrence of future conflicts.
• The origin date of the business
• Headquarters and branches address
• Duration of Partnership (if applicable)
• Partner’s contribution to the capital, Profit sharing ratio, and Salary to be mentioned
• Rules regarding an operation of Bank Accounts;
• The rate of interest on capital, loan, drawings, etc;
• Mode of auditor’s appointment, if any;
• Salaries, commission, etc, if payable to any partner;
• The rights, duties, and liabilities of each partner;
• Treatment of loss arising out of insolvency of one or more partners;
• Settlement of accounts on the dissolution of the firm;
• Method of a settlement of disputes among the partners;
• Rules to be followed in case of admission, retirement, the death of a partner; and
• Any other matter relating to the conduct of business. Normally, all the matters affecting the relationship of partners amongst themselves are covered in partnership deed.

Sabkuch Legal is one of the best in the domain in drafting and reviewing Partnership deeds.

• It protects the rights of parties involved.
• It clearly specifies the obligations of parties involved.
• It is instrumental in preventing occurrence of future conflicts.
• It facilitates trust between parties.

A Partnership Deed is a kind of written agreement between two or more people who agree to be the co-owners, distribute responsibilities for running an organization and share the income or losses that the business generates.

The Power of Attorney is often used in the event of a principal's illness, disability or inability to sign necessary legal documents for financial or other transactions.

The main benefits of Partnership Deed is :

• It controls and monitors the rights, responsibilities, and liabilities of all the partners.
• Avoids confusion on profit and loss distribution ratio among the partners.

Yes. Besides drafting, we review already drafted Partnership Deed..

We try our best to complete your task in shortest possible time.