Partnership Deed Format

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

Partnership agreement must be printed on a Non-Judicial Stamp Paper with a value of Rs.100/- or more based on the value of properties held in the partnership firm. The partnership agreement is usually signed in the presence of all the partners and each of the partners would retain a signed original for his/her records. Once the document is signed by the Partners, the document is witnessed and the signed partnership deed is held by each of the Partners is duplicate or triplicate.
Sample Partnership Agreement
Sample Partnership Agreement

Comments (6)

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

Reply

vinay 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

Reply

Aamir Khan

Jun 29, 2017 at 10:16 AM

good detailing

Reply

ABHISHEK

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.
Regards
Abhishek

Reply

Naseem Akhtar

Jul 03, 2017 at 8:01 PM

very good

Reply

firoz 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.

Reply

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