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Partnership Deed
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A partnership deed is a written legal document to avoid any kind of conflict between the partners. A deed of partnership is required to be made out and registered under the Indian movable property Act together with other movable properties involved.
Why this is important in India?
A partnership deed is a written legal document to avoid any kind of conflict between the partners. A deed of partnership is required to be made out and registered under the Indian movable property Act together with other movable properties involved.
An instrument of partnership may be constituted by more than one document. It is strongly recommended for the persons who have in to partnership business without any kind of agreement among themselves.
It is meant to promote mutual understanding and avoid mistrust. It indicates the terms on which the business corporation is founded. The partnership agreement must be printed on a Non-Judicial Stamp Paper with a value of Rs.100/- or more. 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.
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Partnership Deed
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