#PARTNERSHIP_AGREEMENT | PARTNERSHIP DEED कैसे बनाना है | FULL DRAFTING|
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#Partnership
#Partnership #PARTNERSHIP_DEED #Partnership_Agreement #legal_drafting #legal_help #drafting #Partner #The_Indian_Partnership_Act_1932
As per Section 4 of The Indian Partnership Act, 1932: “Partnership” is the relation between persons who have agreed to share the profits & loss of a business carried on by all or any of them acting for all.
#video A PARTNERSHIP AGREEMENT BETWEEN TWO PARTNERS FOR CARRYING ON SOFTWARE & IT RELATED BUSINESS.
Though issuing a partnership deed is not mandatory, but it’s always better to enter into a partnership deed to avoid any possible disputes and litigation among the partners. The agreement can be made between two or more partners. It must be stamped and signed by all the partners.
The partnership deed contains the following details:
Business of the firm: Business to be undertaken by the partners of the firm.
Duration of Partnership: Whether the duration of the partnership firm, is for a limited period or for a specific project.
Sharing of profit/loss: Ratio of sharing profits & losses of the firm among partners.
Salary and commission: Details of the salary, and commission if any, payable to partners.
Capital contribution: Capital contribution to be made by each partner and the interest on said capital to be paid to partners.
Partner’s Drawings: Policy regarding the drawings from the firm allowed to each partner and interest if any to be paid by partner, to the firm on such drawings.
Partner’s Loan
Duties & Obligations of partners
Admission, Death & Retirement of partner
WATCH COMPLETE VIDEO FOR MORE.
As per Section 4 of The Indian Partnership Act, 1932: “Partnership” is the relation between persons who have agreed to share the profits & loss of a business carried on by all or any of them acting for all.
#video A PARTNERSHIP AGREEMENT BETWEEN TWO PARTNERS FOR CARRYING ON SOFTWARE & IT RELATED BUSINESS.
Though issuing a partnership deed is not mandatory, but it’s always better to enter into a partnership deed to avoid any possible disputes and litigation among the partners. The agreement can be made between two or more partners. It must be stamped and signed by all the partners.
The partnership deed contains the following details:
Business of the firm: Business to be undertaken by the partners of the firm.
Duration of Partnership: Whether the duration of the partnership firm, is for a limited period or for a specific project.
Sharing of profit/loss: Ratio of sharing profits & losses of the firm among partners.
Salary and commission: Details of the salary, and commission if any, payable to partners.
Capital contribution: Capital contribution to be made by each partner and the interest on said capital to be paid to partners.
Partner’s Drawings: Policy regarding the drawings from the firm allowed to each partner and interest if any to be paid by partner, to the firm on such drawings.
Partner’s Loan
Duties & Obligations of partners
Admission, Death & Retirement of partner
WATCH COMPLETE VIDEO FOR MORE.
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