Franchise Agreement
Fees, royalty, territory and brand standards, clearly agreed.
Documentation
Partnership Deed Drafting
Set out capital, profit sharing, duties and exit terms between partners in a clear partnership deed that is ready for registration, PAN and banking.
- 1–3 working days
- Registration-ready deed
- Retirement & dissolution clauses
- Two revision rounds
What is a partnership deed?
A partnership deed is the written agreement between partners that governs a partnership firm under the Indian Partnership Act, 1932. It is needed to register the firm, apply for its PAN, open a bank account and obtain most licences – and it is the first document anyone looks at when partners disagree.
Key clauses
- Name and principal place of business of the firm
- Nature of business and duration of the partnership
- Capital contribution of each partner and interest on capital
- Profit and loss sharing ratio
- Salaries or remuneration to working partners
- Rights, duties and powers of partners, including banking
- Admission, retirement and death of a partner
- Accounts, audit and dispute resolution
- Dissolution of the firm
Should you register the firm?
Registration with the Registrar of Firms is optional, but an unregistered firm cannot sue third parties or its partners to enforce contractual rights (Section 69). We strongly recommend registration – see our partnership firm registration service. If you want limited liability, consider an LLP instead.
Documents required for Partnership Deed
After you purchase, log in to My Account → My Services and upload each document below. Scanned copies or clear phone photos (PDF, JPG or PNG) are fine. Your files are stored privately and seen only by your assigned expert.
-
PAN card of each partner Clear copy Required
-
Aadhaar card of each partner Front and back Required
-
Business address proof Utility bill or property tax receipt of the premises Required
-
Rent agreement or NOC If the premises are rented or owned by someone else If applicable
-
Agreed terms Capital contribution, profit-sharing ratio, roles and bank signatories Required
Partnership Deed process with Nevo Legal
Terms
We record capital, profit sharing and roles.
Drafting
A lawyer drafts the partnership deed.
Review
Partners review; up to two rounds of changes.
Execution
Stamping, signing and notarisation guidance.
What you get
- Lawyer-drafted partnership deed
- Stamping and execution guidance
- Checklist for firm registration and PAN
Partnership Deed – frequently asked questions
Is a partnership deed mandatory?
A partnership can be oral, but a written deed is required in practice for registration, PAN, bank accounts and licences.
Can a partnership deed be changed later?
Yes. Partners can execute a supplementary or reconstituted deed to change terms, add or remove partners.
Does a partnership deed need to be registered?
The deed itself is stamped and notarised; registration of the firm with the Registrar of Firms is optional but recommended.
You may also need
All Documentation services Related services
Joint Venture Agreement
Contributions, control and profit sharing between businesses.
Service Agreement
Clear scope, payments, IP and liability for service deals.
Not sure which service you need?
Speak to a Nevo Legal expert. We will understand your requirement and recommend the right legal route – no obligation.