DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH
Name : R.Dasharatham
Designation : Lecturer
Branch : D.C.C.P.
Institute : GPW, Warangal
Year : I year
Subject : Business Organization
Subject code : CCP-104
Topic : Forms of Business Organization-Sole
Proprietorship and Partnership
Duration : 50 mts
Sub topic : Partnership Deed
Teaching Aids: : P.P.T.

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Objectives

On the completion of this period you would be

able to:
 Define Partnership deed
 List the Contents of partnership deed

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PARTNERSHIP DEED

Partnership Deed is an agreement

• Between two or more persons
 May be oral or written
 Written Deed is preferable

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PARTNERSHIP DEED

 In Italy and France the written agreement of the firm is

compulsory by law.

 In UK, USA and India, the written agreement is not

compulsory.

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CCP104.19
PARTERSHIP DEED

 Contains terms and conditions which partners agree

 Not compulsory according to law
 Desirable to avoid future disputes
 The Deed shall be stamped according to the Indian
Stamps Act.

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CCP104.19
PARTERSHIP DEED

 Should be drafted into suitable paragraphs

 Printed and signed by all partners.

 Majority of the firms would like to have written agreement

only.

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CONTENTS OF PARTNERSHIP DEED

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CONTENTS OF PARTNERSHIP DEED

 The name of the firm

 Nature of business
 Names of partners
 Addresses of partners

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CONTENTS OF PARTNERSHIP DEED

 The place and town of business

 Capital contributed by each partner

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CONTENTS OF PARTNERSHIP DEED

 The date of commencement of the business

 Distribution of work among partners
 Procedure of maintaining bank account
 Authority for signing cheques and Documents

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CONTENTS OF PARTNERSHIP DEED

 Interest on capital
 Salaries, commission, etc payable to partners

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CONTENTS OF PARTNERSHIP DEED

 Drawings by partners
 Interest on drawings

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CONTENTS OF PARTNERSHIP DEED

 The loans advanced by each partner to the firm

and interest there on.

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CONTENTS OF PARTNERSHIP DEED

 Settlement of disputes among partners outside court

 Procedure for dissolution

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SUMMARY

We have discussed about

 Partnership deed

 Contents of the Partnership deed.

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Quiz

1. Written agreements is compulsory in:

a. Italy
b. U.K.
c. U.S.A.
d. India.

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2. The following is compulsory for written
agreement.

a. It shall be drafted in suitable paragraphs.

b. It shall be stamped as per Indian Stamps
Act.
c. both of the above.
d. None of the above.

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