A Partnership Deed is a legal agreement between two or more individuals who wish to operate a business together while sharing responsibilities, profits, and liabilities. This document outlines each partner’s role, contribution, share in profit/loss, dispute resolution mechanisms, and dissolution clauses. A well-drafted Partnership Deed not only offers clarity but also avoids potential misunderstandings that may arise in the course of the business.

At Dasthaveju Lekari, we help you create Partnership Deeds that are tailored to your business goals and legally compliant with the Indian Partnership Act, 1932. We ensure that critical clauses like capital investment, partner duties, admission or retirement of partners, remuneration, and auditing procedures are clearly mentioned. We also assist in the registration of the partnership with the Registrar of Firms if required.

For those starting small businesses or service firms, this document serves as a foundational pillar for smooth operations. Whether it’s a traditional business or a modern venture, our experts ensure the document is professionally written and protects the interests of all involved. A registered deed also gives your firm legal recognition, which can help in applying for loans, opening a current account, or signing contracts.