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Partnership Deed

Under the Indian Partnership Act, 1932. Add as many partners as needed. Fields marked * are required.

Firm Details

Firm name *

Why we ask

The legal trading name under which the partnership conducts business.

Example: Sharma & Associates

Execution date *

Why we ask

The date the deed is signed by all partners.

Example: Today's date

Execution place *

Why we ask

City where the deed is signed — determines stamp duty and jurisdiction.

Example: Mumbai

Partnership start date *

Why we ask

The date the partnership business officially commences.

Example: 1 April 2025

Principal place of business *

Why we ask

The firm's registered principal address — used as head office in the deed.

Example: 101, Commercial Complex, Bandra West, Mumbai 400050

Nature of business *

Why we ask

Primary activity of the firm. Keep broad for flexibility.

Example: Legal technology services and allied activities

Partnership type

Why we ask

"At Will" means any partner can exit with notice — most common for businesses.

Jurisdiction city *

Why we ask

Courts in this city handle disputes between partners.

Example: Mumbai

Partners2 partners

Profit sharing ratiosTotal: 0%

Financial Terms

Interest on capital

Why we ask

Interest paid on partners' capital before profit sharing. Max 12% is tax-efficient.

Interest on drawings

Why we ask

Interest on advance withdrawals — discourages excessive drawings.

Accounting year end

Why we ask

Standard Indian accounting year. Aligns with income tax filing.

Banking & Exit Terms

Bank name *

Why we ask

The bank where the firm's account will be maintained.

Example: HDFC Bank

Account operation

Retirement notice period

Non-compete after exit

Dispute resolution

Witnesses

Witness 1 name *

Why we ask

Two witnesses must attest the deed. They must not be partners.

Example: Rohan Sharma

Witness 1 address

Witness 2 name *

Witness 2 address

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Deed of Partnership

Indian Partnership Act, 1932

THIS INDENTURE made this (Day) day of (Month) (Year) at (Place)

BETWEEN

(Partners will appear here)

THAT ALL the parties hereto have agreed to carry on business in Partnership under the name and style of (Firm Name) commencing from (Start Date).

4. Profit & Loss: (Profit ratios).

5. Capital: (Capital contributions). Interest on capital: 9% per annum.

+ 9 more clauses (Working partners, Banking, Retirement, Death/insolvency, Non-compete, Dispute resolution). Proceed to Step 2 to view and edit all 14 clauses.