Define partnership deed and discuss its contents

Define partnership deed and discuss its contents

A document containing an agreement that details the rights and obligations of each partner participating in a venture

Contents

  • Name of the firm
  • Location of the business
  • Name and Address of Partners
  • Nature of Firm’s Business
  • Duration of Partnership
  • Partners’ Capitals
  • Interest on Capital
  • Drawing and Interest on Them
  • Division of Profit
  • Partners’ Salary and Commission
  • Rights and Duties of Partners
  • Admission and Retirement of Partners
  • Death of a Partner
  • Valuation of Goodwill
  • Revaluation of Assets and Liabilities
  • Accounts and Audit
  • Dissolution of Partnership
  • Arbitration Clause

One comment

  1. Thank a lot to taleem e pak for publishing helpful article.

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