Partnership Deed Format
A partnership deed is a written legal document to avoid unnecessary misunderstanding, harassment and unpleasantness among the partners in the event of any dispute. For mutual benefit, the registration of Deed of Partnership is made under the Indian Registration Act, 1908 so as to avoid apprehension of the Deed of partnership being destroyed or mutilated in the possession of the partners. However, a partnership firm can also be created without registration under the Indian Registration Act, by just entering into a deep of Partnership. An instrument of partnership may be constituted by more than one document, meaning an amendment agreement can be added to a partnership deed at anytime to change the terms of a Partnership Firm.
Download Partnership Deed Format
You can also download the Partnership Deed Format in the following formats.
Why Create a Partnership Deed?
Partnership Agreements are be used by Partners wishing to form a partnership for doing business together. It is strongly recommended or encouraged for partnerships to have some kind of agreement among themselves, in case future disputes prove difficult to arbitrate. It is meant to promote mutual understanding and avoid mistrust. It indicates the terms on which the business corporation is founded.
Also, registration of a Partnership will make the firm eligible for obtaining PAN, applying for bank loan, opening bank account in Partnership Firm name, obtaining GST registration or IE Code or FSSAI license in partnership firm name and more.
Executing a Partnership Deed
Comments (12)
r.sesuraj
Jun 25, 2017 at 3:02 PM
Dear sir
Greetings from Ideal bio science pvt.ltd.
I just gone through your model partnership deed.I am enlightened.Your service is very useful for the beginners like me.We have planned to utilise the services of Indiafillings.
Thank you
Replyvinay kumar
Jun 27, 2017 at 8:54 AM
sir ,my name is vinay, i have started a surviced apparment like a start up in patnership …i need to know the schems and facilities i can get and what is the process
ReplyAamir Khan
Jun 29, 2017 at 10:16 AM
good detailing
ReplyABHISHEK
Jul 03, 2017 at 8:13 AM
Need a comprehensive and upto date Partnership Deed to incorporate & register a Partnership firm between TWO Individuals. I do not see any Links for the same, so please revert asap.
ReplyRegards
Abhishek
Naseem Akhtar
Jul 03, 2017 at 8:01 PM
very good
Replyfiroz ahmad
Jul 12, 2017 at 8:46 AM
no clause to add the firm name.Why? need more clauses such as goodwill/interest on capital/admission of partner/ dissolution of firm.
Replyanubhav arora
Jul 17, 2017 at 7:37 AM
sir a partner is going to die and we want her wife to become partner as successor how can we do so and what deed we have to execute.
ReplyARUNESH KUMAR
Aug 04, 2017 at 8:00 AM
IT WAS VARY HELPFUL TO ME
Replykamal singh
Aug 11, 2017 at 7:35 AM
sir, if i register my firm in partnership…can i used my firm name as private limited..and secondly should i registered again the firm in shop and establishment act in the state How many tax registration required initially in service sector..
Reply..please clarify sir ..
Pralhad Kele
Aug 11, 2017 at 6:41 PM
sir.we 4 partners purchased a piece of na plot in 2001 with different share capital.now we would like to develop shopping complex on this land.will please suggest us how we can proceed.with partner ship deed or developer agreement.we own are developing.kindly let me know the correct way.we are planning for bank loan also
ReplySUMAN SAHOO
Sep 02, 2017 at 5:09 AM
We are 3 friends want to form a Partnership business. Our initial investment is Rs: 300,000/-. So please reply us with full procedure in step by step to register the firm and get the trade licence etc.
ReplyANURODH KUMAR
Sep 18, 2017 at 11:40 AM
Great details and formats of beginners…
Thanks a lot…
Reply