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Partnership Deed
Business partnership agreement
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🏢 FIRM
👥 PARTNERS
💼 OPERATIONS
📍 PLACE & DATE
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━━━ ON STAMP PAPER OF ₹500 ━━━
PARTNERSHIP DEED
This Deed of Partnership is made and executed at Mumbai on 4/5/2026 BETWEEN the following persons:
PARTNER 1: Mr. Aditya Sharma
S/o Mr. Rajesh Sharma, Age 32 years
123, Hill View, Mumbai
Capital: ₹5,00,000 | Share: 50%
PARTNER 2: Mr. Vikram Patel
S/o Mr. Sanjay Patel, Age 34 years
789, MG Road, Pune
Capital: ₹5,00,000 | Share: 50%
WHEREAS the partners have mutually agreed to carry on business of IT Consulting and Software Development in partnership under the firm name "Sharma & Associates", with principal place of business at 456, Tech Park, Andheri East, Mumbai - 400069.
TERMS AND CONDITIONS:
- Firm Name: The business shall be carried on under the name and style of Sharma & Associates.
- Business: IT Consulting and Software Development.
- Place of Business: 456, Tech Park, Andheri East, Mumbai - 400069, with branches as may be opened from time to time.
- Capital: Total capital of the firm is ₹10,00,000, contributed by partners in proportion shown above.
- Profit Sharing: Equal (50:50).
- Interest on Capital: 12% per annum on capital contribution.
- Salary: No partner salary unless mutually agreed.
- Bank Account: Operated through HDFC Bank - Joint Account in firm name, jointly signed by all partners.
- Duration: Partnership at will, can be dissolved by mutual consent.
- Books of Account: Properly maintained at registered office, accessible to all partners.
- Disputes: Settled through mutual discussion, failing which through arbitration.
- Death/Retirement: Partnership shall not stand dissolved; remaining partners may continue.
IN WITNESS WHEREOF the parties have signed this deed in the presence of witnesses.
PARTNER 1
Mr. Aditya Sharma
PARTNER 2
Mr. Vikram Patel
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