what is partnership deed
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Partnership deed is an agreement between the partners of a firm that outlines the terms and conditions of partnership among the partners. ... It specifies the various terms such as profit/loss sharing, salary, interest on capital, drawings, admission of a new partner, etc.
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ᴘᴀʀᴛɴᴇʀꜱʜɪᴘ ᴅᴇᴇᴅ ɪꜱ ᴀɴ ᴀɢʀᴇᴇᴍᴇɴᴛ ʙᴇᴛᴡᴇᴇɴ ᴛʜᴇ ᴘᴀʀᴛɴᴇʀꜱ ᴏꜰ ᴀ ꜰɪʀᴍ ᴛʜᴀᴛ ᴏᴜᴛʟɪɴᴇꜱ ᴛʜᴇ ᴛᴇʀᴍꜱ ᴀɴᴅ ᴄᴏɴᴅɪᴛɪᴏɴꜱ ᴏꜰ ᴘᴀʀᴛɴᴇʀꜱʜɪᴘ ᴀᴍᴏɴɢ ᴛʜᴇ ᴘᴀʀᴛɴᴇʀꜱ.ᴛʜᴇ ᴘᴀʀᴛɴᴇʀꜱʜɪᴘ ᴅᴇᴇᴅ ꜱᴇʀᴠᴇꜱ ᴛʜɪꜱ ᴘᴜʀᴘᴏꜱᴇ. ɪᴛ ꜱᴘᴇᴄɪꜰɪᴇꜱ ᴛʜᴇ ᴠᴀʀɪᴏᴜꜱ ᴛᴇʀᴍꜱ ꜱᴜᴄʜ ᴀꜱ ᴘʀᴏꜰɪᴛ/ʟᴏꜱꜱ ꜱʜᴀʀɪɴɢ, ꜱᴀʟᴀʀʏ, ɪɴᴛᴇʀᴇꜱᴛ ᴏɴ ᴄᴀᴘɪᴛᴀʟ, ᴅʀᴀᴡɪɴɢꜱ, ᴀᴅᴍɪꜱꜱɪᴏɴ ᴏꜰ ᴀ ɴᴇᴡ ᴘᴀʀᴛɴᴇʀ, ᴇᴛᴄ..
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