Partnership Deed format

DEED OF PARTNERSHIP This Deed of Partnership is made on Agreement date at Place between Client 1 name, residing at Client 1 address (the "First Partner"), and Client 2 name, residing at Client 2 address (the "Second Partner"). 1. NAME AND BUSINESS: The partners shall carry on the business of Business nature in partnership under the firm name "Firm business name" with its principal place of business at Business address. 2. COMMENCEMENT: The partnership shall be deemed to have commenced on Commencement date and shall be a partnership at will. 3. CAPITAL: The initial capital of the firm shall be Rs. Capital amount, contributed by the partners in the ratio Capital ratio. Further capital, if required, shall be brought in as mutually agreed. 4. PROFIT SHARING: The net profits and losses of the firm shall be shared between the partners in the ratio Profit ratio. 5. BANKING: The bank account(s) of the firm shall be operated by Bank operation terms. 6. ACCOUNTS: Proper books of account shall be maintained at the principal place of business and closed on 31st March each year. 7. RETIREMENT/DISSOLUTION: A partner may retire by giving Notice period months month(s) notice in writing. The firm shall be dissolved in accordance with the Indian Partnership Act, 1932. 8. ARBITRATION: Any dispute between the partners shall be referred to arbitration under the Arbitration and Conciliation Act, 1996. IN WITNESS WHEREOF the parties have signed this Deed in the presence of witnesses. _______________________ _______________________ Client 1 name Client 2 name Witness 1: _______________________ Witness 2: _______________________