Posted By admin on December 25, 2013 No Comments
A partnership deed is treated as the fundamental charter of the partnership.It is a written agreement governing the rules and regulations of the partnership.
“Partnership Deed”, as stated above, must contain:
- The amount of capital contributed by each partner
- Profit or loss sharing ratio
- Salary or commission payable to any partner, if any
- Duration of business, if any
- Name and address of the partners and the firm
- Duties and powers of each partner
- Nature and place of business; and
- Any other terms and conditions to run the business
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