A Partnership Deed is a legal document that outlines the terms and conditions of a partnership between two or more individuals or businesses. It is a contract that sets out the rights, responsibilities and obligations of each partner, including the capital contributions of each partner, the profits and losses, the management and control of the partnership, and the procedures for dissolution of the partnership.

The partnership deed is a written agreement that is usually executed at the time of formation of the partnership and it contains the basic rules and regulations of the partnership. It generally includes the name of partnership firm, nature of business, name and address of partners, their capital contributions, profit and loss sharing ratio, rights and duties of partners, arbitration clause, and dissolution clauses.

It is also known as Partnership Agreement. And it is important to have a partnership deed in place as it helps to establish clear lines of authority, responsibility and liability among the partners, and it helps to avoid disputes and misunderstandings in the future.

 Partnership Deed, legal document, partnership, individuals, businesses, contract, rights, responsibilities, obligations, capital contributions, profits, losses, management, control, dissolution, written agreement, formation, basic rules, regulations, name, nature of business, address, partners, profit and loss sharing ratio, arbitration clause, dissolution clauses, Partnership Agreement, establish, lines of authority, responsibility, liability, avoid disputes, misunderstandings.