How to written Deed of Partnership
DEED OF PARTNERSHIP
This Deed of Partnership is made on the-----------day of Nov.2018 A/D
BETWEEN
Sri Krishna Kumar Debbarma, S/o-Buddhi Chandra Debbarma, of Vill-Dashrath Para, P.S-Melaghar, Dist-Sepahijala Tripura, by Cast-Hindu, by profession-Unemployed, a citizen of India,
Hereinafter called the First Partner…………………………………………………………………………1st Party
A--------------------N------------------------D
Sri Krishna Kumar Debbarma, S/o-Buddhi Chandra Debbarma, of Vill-Dashrath Para, P.S-Melaghar, Dist-Sepahijala Tripura, by Cast-Hindu, by profession- Unemployed, a citizen of India,
Hereinafter called the Second Partner……………………………………………………………2nd Party
A--------------------N------------------------D
Sri Krishna Kumar Debbarma, S/o-Buddhi Chandra Debbarma, of Vill-Dashrath Para, P.S-Melaghar, Dist-Sepahijala Tripura, by Cast-Hindu, by profession- Unemployed, a citizen of India,
Hereinafter called the Third Partner……………………………………………………………3rd Party
Contd.P/02
Page No -2
WHEREAS, the 1st, 2nd, the 3rd party are unemployed educated and trying to establish themselves in future life according to the encouragement given by the state Govt. of Tripura for releasing some rules and acts under the Public Works Department and other Departments. The 1st party proposed to the 2nd & 3rd party to become a partner with him in the join trade for the works of construction, maintenance, supply etc. under the said department and whereas the parties have also agreed to follow conditions.
Now this Deed of Partnership is detailed hereunto:-
1) That, the Partnership business shall be carried out on the name and style “M/S. SKM Enterprise “ having its registered office would be at Batadhala, PS. Sonamura, Dist.Sepahijala, Tripura.
2) That, the partnership business shall be deemed to have commenced on and from__________day of Nov.2018 A/D
3) That, the partnership business’s share, profit, and loss will be divided in equal share among the partners of the firm.
4) That, the Bank account with Cheque facility will be opened in the name of the firm or in the joint name of partners with State Bank of India or any other bank as partners may think best and expedient.
5) That, every partner has right to sell out or mortgage his share interest to the other partners or any other persons on the prevailing market rate and two months notice on written will, however, be required to be given for such care of transfer.
6) That, any one or more of the above-mentioned clause may be change or amendment or substitute any term and condition of this deed by the unanimously written decision of the partners.
7) That, the firm shall in no way be liable for any hampering the interest of the firm done by any partner by his individual and personal capacity.
8) That, the partnership books, account, receipts, papers etc. shall be kept and maintained at the aforesaid business place of the firm and not elsewhere and each partner shall have the right to copy or make extract thereto but not remove the same.
Contd. P/03
Page No- 3
9) That, proper full correct and regular account of all purchase, sales, receipt, and payment incoming and outgoing dealings and transactions of the partnership business shall be recorded in the book of accounts which shall be closed and
balanced on the last day of each financial year in accordance with either English or Bengali Calender year.
10) That, any difference as to the ordinary or any matter connected with the partnership business shall be decided by all the partners mutually or with the help of their friends and relatives or by the arbitrator.
11) That in the event or death of any of the parties, his heirs and legal representatives shall have the right to be admitted into the partnership business in his place with all the right and liability, but if they are unwilling to enter into the partnership business they shall be paid by the other partners. Such sum as will be bound due to in the share of the on proper accounting up to the date.
12) That, the retirement or death of any of the partners or parties shall not be effective or dissolving the partnership automatically.
13) That, the partnership business shall be dissolved if all the parties so agreed upon the dissolution of the partnership business, it will be dealt with in accordance with the provision of the Indian partnership Act of 1932 A/D.
14) That, the decision has been taken and the parties regarding any matter touching or relating to the partnership business shall be recorded in a book, kept for the purpose of the sign of them who shall be bounded thereby.
Contd. P/04
PageNo- 4
In witnesses whereof the partners have hereunto set and subscribed their respective hand on the day, month and year written fist above.
Witnesses:
Signature of 1st Party
Signature of 2nd party
Signature of 3rd Party
Typed by as per dictation This deed of Partnership is prepared by me
(MITHU MIA)
Professional Typist
Sonamura Court Complex
Advocate
Sonamura, Sepahijala, Tripura.
This is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, this is dummy text. It is not meant to be read. Period.
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