Partnership Deed

Partnership is a form of entity wherein individuals come together to form a partnership firm. Partnership must have clauses which governs sharing of profits and losses, contribution in setting up partnership, dispute resolution. further, the partners are severally and jointly liable. Partnership deed needs not be compulsorily registration but it has lot of advantages if partnership deed is registered with registrar, as in case of unregistered partnership deed, partnership firm cannot sue the other party, neither cannot enforce rights of other in case of contract with other party.

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