A partnership deed can be defined as a document that is prepared to explain important points so that the chances of clash among

partners are minimized to a great extent.

1. 2. 3. 4. 5. 6.

7.
8. 9.

More than two partners Designations of the partners such as Managing Partner, Sleeping Partner , etc., Share of the partners is Capital of the firm, Place of business and type of business, Shares of the partners in profit and loss of the firm, personal liabilities of the partners, Conditions for including a new partner, Maintenance of accounts and audit of accounts Purchasing, marketing, sale of the products of the firm. The partnership deed should be reduced in writing and it is better to register the same and every partner must clarify how much capital he is investing and he must know what are the percentage of profits he is getting and particularly he must reserve a right to inspect the accounts of the firm to avoid misuse of fund by the other partners.

 PARTNERSHIP DEED : THIS DEED OF PARTNERSHIP IS

MADE on this 12th day of January, 2008 This partnership deed is based on Garment business and can be modified according to one's needs.