What contains the partnership deed?
John Miller (Business Strategist) 24 July 2020
What contains the partnership deed?
LegalWizin (Online Legal Service) 24 July 2020
When two or more persons come together to carry on certain business activities with the object of sharing the profit of business by a mutual agreement, the Partnership Firm comes into existence.
The document containing the agreement between the partners is called “PARTNERSHIP DEED” and such deed is signed by all the partners. The stamp duty as required by the State law must be paid as per the State law where the principle business office of Partnership Firm is situated.
Below mentioned is the list of clauses in the partnership deed:
Apart from abovementioned clauses, the conditions or requirements of the partners can also be mentioned in the Partnership Deed.