A partnership deed is also called a partnership agreement, a written document among partners engaging in a business together. Indian law provides entrepreneurs with several options for starting a business. And owing to myriad benefits, a partnership firm is one of the most preferred choices amongst entrepreneurs.
However, running a business in partnership isn't easy and involves a lot of planning and risk; factors like disagreements, money or any other internal conflict can lead to a fallout. Before embarking on a new journey and investing all your savings and efforts towards starting your new joint venture, it is wise to sign a partnership deed, a legal practice that can help protect the interests of each party involved in the business partnership.
So, if you are planning to start a business venture and considering registering the partnership firm, then you are at the right place. You might wonder what is partnership deed? In this blog, we will cover everything about the partnership deed in India and its significance.