Partnership Deed
MODEL DRAFT OF PARTNERSHIP DEED
FOR CREATION OF NEW PARTNERSHIP
M/S______________________
PARTNERSHIP AGREEMENT
THIS INDENTURE OF PARTNERSHIP is executed on this _____ of __________ in the Christian Year ______________________, by and between:
(1) _________________________, aged about ___ years, resident of ____________, party hereto of the FIRST PART;
(2) ________________________, as Karta of the Hindu Undivided Family of ___________________ , aged about ___ years, resident of ______________, party hereto of the SECOND PART;
(3) ________________________, as Trustee of ___________________ Trust, aged about ___ years, resident of ______________, party hereto of the THIRD PART.
(4) __________________________, aged about ___ years, resident of ______________, party hereto of the FOURTH PART;
AND
(5) __________________________, aged about ___ years, resident of ______________, party hereto of the FIFTH PART;
WHEREAS the parties hereto of the First to Fifth Parts have been desirous of commencing a business in Partnership to be carried on under the name and style of “M/s_______________________” from_____________, 200__.
AND WHEREAS it is necessary to record the terms and conditions of the newly constituted partnership in writing, it is hereby agreed by and between the parties hereto as follows:
(1) The business of the firm shall be carried on in the name and style of “M/s. _________________________” at______________and/or under such other name or names or at such other place or places as may be mutually agreed upon by the parties hereto from time to time.
(2) The partnership shall be effective from the____________(date).
(3) The business of the partnership shall be of___________________________________________and/ or to carry on such other business or businesses as may be mutually agreed upon by the parties hereto from time to time.
(4) The capital of the firm shall be contributed
FOR CREATION OF NEW PARTNERSHIP
M/S______________________
PARTNERSHIP AGREEMENT
THIS INDENTURE OF PARTNERSHIP is executed on this _____ of __________ in the Christian Year ______________________, by and between:
(1) _________________________, aged about ___ years, resident of ____________, party hereto of the FIRST PART;
(2) ________________________, as Karta of the Hindu Undivided Family of ___________________ , aged about ___ years, resident of ______________, party hereto of the SECOND PART;
(3) ________________________, as Trustee of ___________________ Trust, aged about ___ years, resident of ______________, party hereto of the THIRD PART.
(4) __________________________, aged about ___ years, resident of ______________, party hereto of the FOURTH PART;
AND
(5) __________________________, aged about ___ years, resident of ______________, party hereto of the FIFTH PART;
WHEREAS the parties hereto of the First to Fifth Parts have been desirous of commencing a business in Partnership to be carried on under the name and style of “M/s_______________________” from_____________, 200__.
AND WHEREAS it is necessary to record the terms and conditions of the newly constituted partnership in writing, it is hereby agreed by and between the parties hereto as follows:
(1) The business of the firm shall be carried on in the name and style of “M/s. _________________________” at______________and/or under such other name or names or at such other place or places as may be mutually agreed upon by the parties hereto from time to time.
(2) The partnership shall be effective from the____________(date).
(3) The business of the partnership shall be of___________________________________________and/ or to carry on such other business or businesses as may be mutually agreed upon by the parties hereto from time to time.
(4) The capital of the firm shall be contributed