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1. Parties: Details of all partners entering into the partnership, including full names, addresses, and occupation
2. Background: Brief context about the partners' intention to form a partnership and the nature of the intended business
3. Definitions: Definitions of key terms used throughout the partnership deed
4. Partnership Name and Business: The agreed name of the partnership firm and detailed description of the business activities
5. Place of Business: Principal place of business and any branch locations
6. Term of Partnership: Duration of the partnership - whether fixed term or at will
7. Capital Contribution: Details of initial capital contributed by each partner and provisions for additional capital
8. Profit and Loss Sharing: Ratio and terms for sharing profits and losses among partners
9. Management and Decision Making: Rights, responsibilities, and authority of partners in managing the business
10. Banking Operations: Details of banking arrangements and operation of partnership accounts
11. Books of Account: Provisions for maintaining accounting records and their inspection
12. Rights and Duties of Partners: Detailed obligations and entitlements of all partners
13. Retirement and Death: Procedures and consequences of partner retirement or death
14. Dissolution: Circumstances and procedures for partnership dissolution
15. Governing Law: Specification of Indian law as governing law and jurisdiction
1. Non-Competition: Restrictions on partners engaging in competing businesses, used when there's significant intellectual property or trade secrets
2. Intellectual Property Rights: Provisions regarding ownership and use of IP, needed when the partnership involves creation or use of intellectual property
3. Admission of New Partners: Procedures for admitting new partners, important for partnerships planning future expansion
4. Arbitration: Detailed dispute resolution procedures, recommended for larger partnerships
5. Insurance: Requirements for business insurance, important for high-risk businesses
6. Goodwill Valuation: Method of valuing goodwill, important for professional services firms
7. Leave and Absence: Rules regarding partners' leave and absence, important for active professional partnerships
1. Schedule A - Capital Contributions: Detailed breakdown of each partner's capital contribution, including nature of contribution (cash, property, etc.)
2. Schedule B - Profit Sharing Ratio: Detailed breakdown of profit and loss sharing ratios among partners
3. Schedule C - Assets and Properties: List of all partnership assets and properties at the time of formation
4. Schedule D - Rules and Regulations: Detailed internal regulations and procedures for partnership operations
5. Appendix 1 - Partner Details: Detailed information about each partner including KYC documents
6. Appendix 2 - Business Plan: Initial business plan and projections (if applicable)
Professional Services
Retail
Manufacturing
Real Estate
Trading
Construction
Healthcare
Information Technology
Hospitality
Consulting
Agriculture
Education
Financial Services
Transportation and Logistics
Legal
Compliance
Finance
Operations
Risk Management
Business Development
Corporate Affairs
Administration
Executive Leadership
Business Owner
Entrepreneur
Managing Partner
Professional Partner
Legal Counsel
Company Secretary
Chief Executive Officer
Chief Financial Officer
Business Development Manager
Operations Manager
Risk Manager
Compliance Officer
Senior Partner
Junior Partner
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