Create Your Partnership Deed Online

A partnership deed is the foundational document that governs how partners in an Indian business share profits, losses, capital, and management responsibilities. Whether you are starting a trading firm, professional practice, or family business, a written deed prevents disputes by recording each partner's rights and obligations under the Indian Partnership Act, 1932.

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Partnership Deed
IN India
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Business Details

Firm name, nature of business, address, and duration

What is this document?

A partnership deed is a written agreement between two or more persons who agree to carry on a business together and share profits. It records the firm's name, business activity, capital brought in by each partner, profit and loss sharing ratio, roles, banking authority, admission and retirement of partners, and dispute resolution. While oral partnerships are recognized in law, a written deed is essential for bank accounts, GST registration, and resolving disagreements.

When do you need it?

  • Starting a new partnership firm with two or more partners
  • Converting an informal family business into a formal partnership
  • Documenting profit-sharing and capital contribution among co-owners
  • Opening a current account or applying for GST registration as a partnership firm
  • Adding or retiring a partner with updated terms

Key clauses and elements

  • Partners and firm details — names, addresses, and business name
  • Nature of business — activities the firm is authorized to undertake
  • Capital contribution — amount brought in by each partner
  • Profit and loss sharing — ratio for distributing earnings and losses
  • Management and authority — who can sign, operate bank accounts, and bind the firm
  • Admission, retirement, and death — process for partner changes
  • Dispute resolution — arbitration or jurisdiction for disagreements

Frequently asked questions

Related documents

MOU Agreement

Record preliminary understandings before a formal partnership deed.

Co-Founder Agreement

Define equity and roles among startup founders.

NDA Agreement

Protect confidential business information among partners.

Vendor / Supplier Agreement

Formalize supply arrangements for your partnership business.

DraftPe helps you generate a structured partnership deed without outdated templates. The wizard captures partner details, capital contributions, profit-sharing ratios, decision-making rules, and exit provisions, then formats everything into a clear, Indian-context document ready for printing and execution.

Review the guidance below on partnership deed requirements and key clauses, then complete the wizard to generate your PDF in minutes.