Partnership Deed
₹400.00
Get Draft @ ₹400This document is a Partnership Deed template for establishing formal business partnerships under Indian law.
Key Features
- Comprehensive 37-clause structure covering all aspects of partnership formation and operation
- Flexible capital contribution system with proportional profit sharing and future funding provisions
- Detailed governance framework including quarterly meetings, unanimous decision-making for material matters, and deadlock resolution mechanisms
- Asset protection clauses ensuring all intellectual property and business assets belong to the firm
- Exit provisions covering retirement (20% of average annual turnover payout), death, incapacity, and dissolution scenarios
- Non-compete restrictions preventing partner solicitation and confidentiality breaches for 12 months post-exit
- Conversion options to transform into company or LLP with unanimous consent
- Professional compliance requirements including chartered accountant appointment and statutory audit provisions
Ideal for: Professional service firms, Consulting practices, Small to medium-sized businesses, Creative agencies, Two-person ventures requiring a formal partnership structure
Key Differentiator: Provides sophisticated governance and decision-making frameworks beyond basic partnership deeds, Includes structured exit, retirement, and dissolution mechanisms, Ensures asset protection and intellectual property ownership clarity, Allows future conversion into LLP or company without restructuring disruption, Balances operational flexibility with legal certainty
Table of Contents
- Effectiveness
- Organization & Percentage Interest
- Objects & Operations
- ...
- Dispute Resolution
- Duration
Disclaimer: This agreement does not constitute legal advice or legal services of any kind. This is merely a first draft provided for your ease. Please consult a lawyer before you finalise the draft.