2. Partnership Deed.
• Partnership deed is the written partnership agreement which is
stamped and signed by all the partners. It contains the terms and
conditions of partnership.
• The deed may be altered or modified by a mutual consent of all
partners.
3. CONTENTS.
1. Name of the firm.
2. Names and addresses of the partners with their occupations.
3. Nature of the business and area of operation
4. Amount of capital contributed by each partner.
5. Profit sharing ratio.
6. Salary, commission or any other remuneration to partners.
7. Rights and liabilities of each partner.
8. Work allocations among partners.
Conclusion- where partnership deed is silent on any point ,the provisions of
partnership act are applicable.
