Partnership Document

 

THIS MODEL CONTRACT MAY BE DOWLOADED, SHALL BE EDITED AND MODIFIED AS PER THE REQUIREMENT OF THE PARTIES MODEL OF PARTNERSHIP DEED THIS DEED of Partnership made at.................. this.............. day of ...........…...., 2017, between , son of ! Hind" resident of ...............................#address$ ...............................#address$ %en&a'"r" of the !(E P)T, %, son of E of resident of ...............................#address$ %en&a'"r" of the SE*!(D P)T and +rs. *, wife of  , resident of ...............................#address$ %en&a'"r" of the THI)D P)T.

-HE)E% IT IS /)EED that the parties hereto #hereinafter toðer a''ed the partners$ sha''  beome partners in the b"siness of ............... for the term of ..............years with effet from fr om ............. "pon the terms and onditions hereinafter ontained name'y #1$

The

partnership

sha''

be

arried

on

in

the

name

and

sty'e

of

………………………………………………..……........................................ ………………………………………………..……................. .............................................. .......................... ...

+s.

 

#2$ The partnership b"siness wi'' be arried on at ....... ................ ......... andor at s"h other p'ae or p'aes, as sha'' be a&reed to by the partners from time to time. #3$ The apita' of the partnership partnership sha'' be )s. ....................whih ....................whih sha'' sha'' be ontrib"ted by the partners in the fo''owin& proportions. irst Party 405 )s . ................... Seond Party 405 )s . ................... Third Party 205 )s . ...................   The f"rther apita' if any re6"ired by the partnership sha'' be bro"&ht by the partners and s"h additiona' apita' bro"&ht by the partners sha'' be treated as 'oan to the firm and sha'' be paid  interest  ............ 5 p.a. o"t of the &ross profits of the firm. #4$ The partners may a&ree to inrease the apita' of the firm by by brin&in& in additiona' additiona' ontrib"tion in the proportion of the shares he'd by them in the initia' apita' of the firm. t the time of  inrease of the apita', apita', the additiona' additiona' apita' of the partner or partners may be ad8"sted ad8"sted a&ainst the inreased apita'.

#9$ The ban:ers of the partnership sha'' be ..................... ..................... %ranh ................ the ban: ao"nt of the firm sha'' be operated by any partner or by the "thorised Si&natary. #;$ The net profits profits of the b"siness sha'' be di