Partnership deed is a duly stamped and registered written agreement governing the existence of a partnership firm as a business incorporation document. Ordinarily, the rights, duties and liabilities of partners are laid down in the deed. It is advisable to prepare a partnership deed even if a partnership firm is not registered because a deed helps in amiable resolutions of problems when disputes between partners arise. Partnership deed governs the relationship and other aspects of business.
The basic documents needed are: