VENDORS, PARTNERS & FOUNDERS

Partnership Deed

Use when two or more people start a business together as a partnership firm, or to replace an outdated deed. A written deed is needed to open a bank account, obtain a PAN and GST registration for the firm, and register it with the Registrar of Firms.

Saved letters

Nothing saved yet

Use Save to keep a named copy of this letter, for example one per employee.

Fill in the details

5 of 15 required fields filled

10 required fields still empty — shown highlighted in the letter.

Firm name *

Nature of business *

Principal place of business *

Date partnership commences *

Partner 1 name *

Partner 1 parentage, age & address *

Partner 1 capital (₹) *

Partner 1 profit share (%) *

Partner 2 name *

Partner 2 parentage, age & address *

Partner 2 capital (₹) *

Partner 2 profit share (%) *

Other partners (optional)

Interest on capital (% p.a., max 12)

Remuneration divided among working partners

Bank account operated

Notice to retire (days)

Place *

Date *

Courts / seat of arbitration (city) *

Laws this relies on

Indian Partnership Act, 1932 · Section 4A partnership is the relation between persons who agree to share the profits of a business carried on by all or any of them acting for all.
Indian Partnership Act, 1932 · Section 13Default rules on remuneration and interest on capital apply unless the deed provides otherwise; interest on capital is payable only out of profits.
Indian Partnership Act, 1932 · Section 69An unregistered firm cannot sue third parties to enforce contracts — register the firm.
Income-tax Act, 1961 · Section 40(b)Interest to partners (max 12% p.a. simple) and remuneration to working partners are deductible only if authorised by the deed and within limits (corresponding provision in the Income-tax Act, 2025).

How to execute

Print on stamp paper, sign, and get it attested by a Notary.

Execute on non-judicial stamp paper of the value prescribed by your state Stamp Act (stamp duty varies by state and may depend on the capital) and have it notarised. Then register the firm with the state Registrar of Firms: under Section 69 of the Indian Partnership Act, 1932, an unregistered firm cannot sue third parties to enforce its contracts.

Click anywhere in the letter to edit it. Changes to the form keep flowing in.

This is a general template, not legal advice. Laws, stamp duty and procedures vary by state and change over time — have a qualified advocate review it for your facts before signing or sending.