Starting a business with a partner? Then, one of the first documents you need to draft is a Partnership Deed. It is more than just a piece of paper—it's the legal backbone of your business arrangement.
Whether you need a partnership deed format in Word, a sample PDF, or a partnership deed format in Hindi, this guide will help you understand everything from clauses to downloads. “
What Is a Partnership Deed?
A Partnership Deed, also called a Deed of Partnership, is a legally binding agreement between two or more individuals who agree to run a business together. It outlines the rights, responsibilities, profit-sharing ratios, duties, & terms agreed upon by all partners.
Think of it as the Constitution of your partnership firm. “
Why Is a Partnership Deed Necessary?
A registered partnership without a deed is a disaster waiting to happen. Here’s why the deed matters:
- It prevents disputes by clearly defining roles & financial contributions.
- It outlines procedures in case of death, retirement, or dissolution.
- It is required for bank account opening & GST registration.
- Courts consider the partnership deed as a key legal document during conflict resolution.
In short, it’s protection & clarity for all partners involved.
What Should Be Included in a Partnership Deed Format?
Whether you are downloading a partnership deed format PDF or editing a partnership deed format Word file, the essential clauses are as follows:
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DEED OF PARTNERSHIP
This deed of partnership is made on this [Date, Month, Year], between the following individuals:
- Mr./Ms. ________, residing at ________ (hereinafter called the First Partner)
- Mr./Ms. ________, residing at ________ (hereinafter called the Second Partner)
The Partnership shall commence on the ______ day of ______, __
Key Clauses:
- Name and nature of the business
- Duration of partnership
- Capital contribution by each partner
- Profit & loss sharing ratio
- Management responsibilities
- Banking arrangements
- Admission/retirement of partners
- Dispute resolution
- Audit & accounting standards
IN WITNESS WHEREOF, the parties have signed this deed on the date first above written.
You can use this as a simple partnership deed format, whether you're drafting it for two partners or a partnership deed format for 3 partners.
Download Options: Word, PDF, Regional Languages
The internet is full of ready-to-use deed formats. Depending on your needs, here are some downloadable resources:
✅ Partnership Deed Format in Word
Best if you want to customise the clauses before printing. Just open it in MS Word & make changes as needed.
✅ Partnership Deed Format PDF
If you’re looking for a standard non-editable version, go for the PDF format. Many government & legal websites offer partnership deed format PDF download options.
✅ Partnership Deed Format in Hindi
If you're drafting a partnership deed format in Hindi, especially for use in local regions or Hindi-speaking states, you can find bilingual formats online.
✅ Partnership Deed Format in English / Tamil / Marathi / Maharashtra
Many websites also offer partnership deed format in Tamil PDF, Marathi, & specific versions for regional compliance, like the partnership deed format for Maharashtra.
Partnership Deed Between Two Persons vs. Three or More
There’s a difference in tone & clause structure when you're drafting a:
- Partnership deed format between two persons: Often simpler, with straightforward profit sharing
- Partnership deed format for 3 partners: May require additional clauses for voting rights & contribution ratios
Either way, ensure all partners sign the deed, preferably before a notary public.
Registration of Partnership Deed
While an unregistered deed is legally valid between the partners, it:
- Cannot be used to sue a third party
- Limits legal remedies for disputes
So, always get your partnership deed registered with the Registrar of Firms in your respective state.
Real-Life Example
Let’s say Raj & Neha start a bakery together. They download a partnership deed format sample PDF, edit it to suit their business, sign it, & submit it for registration in Delhi. This protects both their interests, outlines who does what, & saves them legal headaches later.
Where to Download?
You can easily find partnership deed formats here:
- Government registrar websites
- Legal document sites like Vakilsearch, IndiaFilings, LegalRaasta
- CA & legal firm blogs
Just search for:
- partnership deed format sample PDF
- partnership deed format in Word
- Simple Partnership Deed Format Download
- partnership deed format for 3 partners
Final Thoughts
If you’re forming a partnership, don’t delay drafting your Partnership Deed. It's your business's legal foundation.
Let’s summarise:
- A Partnership Deed is an essential legal document for any partnership firm
- Includes key clauses like capital, profit sharing, responsibilities, etc.
- You can find the partnership deed format in Word, PDF, English, Hindi, & more
- Customizable for 2 partners, 3 partners, or more
- Get it registered for maximum legal protection
👉 Need help drafting or customising your partnership deed format?
Visit www.callmyca.com for legal templates, expert assistance, & easy registration services.
