What do you mean by partnership deed write its contents of partnership deed
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A document containing an agreement that details the rights and obligations of each partner participating in a venture. For example, a deed ofpartnership could specify how proceeds from the partnership'sbusiness are to be divided among the partners.
1. Name of the firm.2. Nature of the business.
3. Names of partners.
4. Place of the business.
5. Amount of capital to be contributed by each partner.
6. Profit sharing ratio between the partners.
7. Loans and advances from the partners and the rate of interest thereon.
8. Drawings allowed to the partners and the rate of interest thereon.
9. Amount of salary and commission, if any, payable to the partners.
10. Duties, powers and obligations of partners.
11. Maintenance of accounts and arrangement for their audit.
12. Mode of valuation of goodwill in the event of admission, retirement and death of a partner.
13. Settlement of accounts in the case of dissolution of the firm.
14. Arbitration in case of disputes among the partners
15. Arrangements in case a partner becomes insolvent.
A document containing an agreement that details the rights and obligations of each partner participating in a venture. For example, a deed ofpartnership could specify how proceeds from the partnership'sbusiness are to be divided among the partners.
1. Name of the firm.2. Nature of the business.
3. Names of partners.
4. Place of the business.
5. Amount of capital to be contributed by each partner.
6. Profit sharing ratio between the partners.
7. Loans and advances from the partners and the rate of interest thereon.
8. Drawings allowed to the partners and the rate of interest thereon.
9. Amount of salary and commission, if any, payable to the partners.
10. Duties, powers and obligations of partners.
11. Maintenance of accounts and arrangement for their audit.
12. Mode of valuation of goodwill in the event of admission, retirement and death of a partner.
13. Settlement of accounts in the case of dissolution of the firm.
14. Arbitration in case of disputes among the partners
15. Arrangements in case a partner becomes insolvent.
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