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Shaher yar   02 June 2024

Partnership agreement

A partnership agreement is drafted incorporating all the clauses in detail in about 30 pages . It also provides for addition of new partners. If new partners are added to do we need to make a full fledged PARTNERSHIP agreement of 30 pages or we can make a simple agreement of 1 or 2 pages stating that the new partner agrees to all the conditions mentioned in first Partnership Agreement? Will such agreement be legally valid? 



 2 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     02 June 2024

Reconstitution of the Partnership deed shall be executed by all the partners including the incoming partner under the terms and conditions of the original partnership deed.

1 Like

Dr. J C Vashista (Advocate )     03 June 2024

Show the 30 page partnership deed to a local prudent lawyer for better appreciation of terms and conditions especially induction of "new partner"


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