Question

what is the importance of partnership deed.​

Answer 1

Answer:

importance of partnership deed are:-

Explanation:

1. it regulate right, duties and responsibility of each partner.

2. it help to avoid any misunderstanding among the partners because all the deed.

3.any dispute among the partner may be settled easily as the partnership deed may be readily referred to.

hence it is always the best course to have a written partnership deed duly signed by all the partners and register under the act.

Answer 2

Answer:

Partnership deed is the legal contract between the partners before starting the business. This agreement is made to solve a future disputes related to partnership business. It is important because there must be some terms and conditions that are agreed by all the partners.