Partnership Deed Format

PARTNERSHIP DEED

This Deed of Partnership is executed on this ____ day of ________, 20__

BETWEEN

1. Mr./Ms. _________________________, aged ____, residing at _________________________ (First Partner)
2. Mr./Ms. _________________________, aged ____, residing at _________________________ (Second Partner)

1. Firm Name & Business

The partnership shall carry on business under the name M/s _________________________ at _________________________, engaged in _________________________.

2. Capital Contribution

First Partner: Rs. ________/-    Second Partner: Rs. ________/-

3. Profit & Loss Sharing

Profits and losses shall be shared in the ratio of ____ : ____.

4. Duties

Both partners shall devote time and attention to the business and act in good faith. Neither partner shall engage in competing business without written consent.

5. Accounts

Proper books of account shall be maintained. The financial year ends on 31st March. Accounts shall be audited annually.

6. Dissolution

The partnership may be dissolved by mutual consent or by ____ months' written notice by either partner, as per the Indian Partnership Act, 1932.

FIRST PARTNER: _________________     SECOND PARTNER: _________________

WITNESS 1: _________________     WITNESS 2: _________________