Partnership Deed Format – Sample Partnership Agreement TemplateVidya Bhawan Balika Vidya Pith • July 31st, 2020
Contract Type FiledJuly 31st, 2020Partnership deed is an agreement between the partners of a firm that outlines the terms and conditions of partnership among the partners. A partnership firm is one of the popular types of organizations for starting a new business. The smooth and successful running of a partnership firm requires clear understanding among its partners regarding the various policies governing their partnership. The partnership deed serves this purpose. It specifies the various terms such as profit/loss sharing, salary, interest on capital, drawings, admission of a new partner, etc. in order to bring clarity to the partners.