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 law.
The agreement 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
- • severability
- • amendment
You need this contract if you want to establish a three-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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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…