Partnership deeds we know can be both oral and written, but it will always be wise to go for a written agreement because oral agreements have no value for tax purposes.
The deed made should be on a stamp paper in agreement with the Indian stamp act and each partner should have a copy of the deed. In case the firm is registered, the deed should be filed with the registrar of firms.
1. The following clauses should be mentioned in the partnership deed
2. The above mentioned are the basic clauses. There are additional clauses which can be added to the deed if needed these are
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