This partnership agreement is suitable either for the establishment of a new partnership or for formalising an existing partnership.
It deals with partnership capital, profits and losses, drawings by partners, conduct of partnership business and decision-making including provisions relating to deadlock.
This nine page document contains 20 clauses covering
- definitions and interpretations
- name and principal office
- type of partnership
- profits and losses
- partnership loans
- conduct of partnership business
- good faith
- restriction on partners
- partnership bank
- duties of partners
- termination, retirement and death
- disputes and governing law
- the scope of the agreement
You need this contract if you want to establish a two-person partnership, or formalize an existing partnership, and want to set out your relationship to the other parties, your mutual obligations, and the rules governing the conduct of your partnership.
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Designed for use by businesses in India, this partnership agreement template is suitable either for the establishment of a new three-person partnership or for formalising an existing partnership. It is drafted in accordance with Indian…