Create Your Partnership Deed Online

A Partnership Deed is a legal agreement between two or more partners of a firm that clearly outlines the terms and conditions, roles, responsibilities, capital contribution, and profit/loss sharing ratio among partners.

It usually includes the firm's name, principal place of business, commencement date, nature of business, capital contributed by each partner, profit-sharing ratio, and the rights and duties of each partner.

Common types include Partnership at Will, Particular Partnership (for a specific venture), Limited Partnership, and General Partnership — each differing in duration, liability, and scope.

Registration isn't legally mandatory in most states, but an unregistered firm can't sue third parties to enforce contract rights, so registration is strongly recommended.

Stamp duty on a partnership deed varies by state and is typically based on the total capital contributed by the partners.

Without a deed, the firm is governed entirely by the default provisions of the Indian Partnership Act, 1932 — including equal profit sharing regardless of capital contributed, which can lead to disputes.