Contents of Partnership Deed

A partnership deed refers to an agreement which forms the basis of partnership between the partners who are getting into partnership. It contains all the terms which are related to the business for which partnership has come into existence. Given below are some of the contents of partnership deed –

1. The partnership deed should have Name and address of the partnership firm.

2. It should also have Name and contact address of each partner individually.

3. It should mention the capital which is contributed by each partner and also the profit sharing ratio of each partner which can either on the basis of capital invested by each partner or it can equal among all partners.

4. It should also clearly mention the conditions under which partnership will be dissolved and how the accounts of each will be settled in that case.

5. Many times the partnership is reconstituted reason may be admission of new partner, death or retirement of any partner; in that case partnership deed should clearly mention the method of valuation of goodwill and revaluation of assets and liabilities.

6. The objectives behind the business and also the reasons due to which partnership was needed for carrying on such business.

Apart from above contents there can many other contents which can be put into the partnership deed depending upon on the nature and objectives of the business for which partnership is being formed.

1 comment… add one
  • zahra

    good bt should be in proper format 4 new ones. so they can easily grasp .

Leave a Comment


Related pages


advantages of jitdefine unsystematicmerits of management accountingperfect competition tutor2ucredit sales accounting entryrapid skimming strategy examplesdefine securitizedfactors affecting elasticity of demandexample of price skimming strategyskimming in marketingfactors influencing income elasticity of demanddifference between bills receivable and accounts receivablestatutory liquidity ratio in indiajoint ventures advantages and disadvantagestypes of retail banksdisadvantage of autocratic leadershipadvantages of decentralizationadvantages and limitations of marginal costingwhat are the advantages of barter systemwhat is mixed economy in economicscost of deflationdisadvantages and advantages of advertisementunearned fees journal entryskimming the marketadvantages and disadvantages of markup pricingadvantages of privatisationconsignee definitionsystematic risk and unsystematic risk pdfdisadvantages of command economydisadvantages of cash flowdisadvantages of foreign direct investmentdifferentiate between micro and macro economicscompetitive pricing advantages and disadvantageswhat is the difference between accounts receivable and accounts payablefeatures of capitalist economyfactoring advantagesadvantages of loan syndicationexamples of law of diminishing returnssubstitutable goodsglobalisation advantageswithdrawal slip of bankdirect and indirect quotationmeaning of escrow accountadvantages and disadvantages of delegation in managementadvantages and disadvantages market economymonopolistic marketdisadvantages of monopolistic competitionadvantages of authoritarianppf advantagespenetration and skimming pricingdisadvantages of price skimmingwhat are the advantages and disadvantages of certificate of depositadvantages dictatorshipwhat are the advantages of traditional economywhat is a debenture loanfdi abbreviationdisadvantages of international joint venturesfull form of neft & rtgsfeatures of capital budgeting pdfdisadvantage of barteringwholesale banking definitionfull form of sensexcalculation of net worth formuladisadvantages of economic growthdifference between demat and trading accountmeaning of wholesaler and retailerinternational joint venture advantages and disadvantagesfunctional organizational structure advantages and disadvantagesadvantages of cash flow statementprepaid expense entryadvantages and disadvantages of electronic bankinglaw of diminishing returns exampleperfect competition in economics definitionunitary elastic demand definitionnet worth calculation for companydefine securitisationfinancial management advantages and disadvantages