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Partnership Deed

Business partnership agreement

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🏢 FIRM

👥 PARTNERS

💼 OPERATIONS

📍 PLACE & DATE

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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:
  1. Firm Name: The business shall be carried on under the name and style of Sharma & Associates.
  2. Business: IT Consulting and Software Development.
  3. Place of Business: 456, Tech Park, Andheri East, Mumbai - 400069, with branches as may be opened from time to time.
  4. Capital: Total capital of the firm is ₹10,00,000, contributed by partners in proportion shown above.
  5. Profit Sharing: Equal (50:50).
  6. Interest on Capital: 12% per annum on capital contribution.
  7. Salary: No partner salary unless mutually agreed.
  8. Bank Account: Operated through HDFC Bank - Joint Account in firm name, jointly signed by all partners.
  9. Duration: Partnership at will, can be dissolved by mutual consent.
  10. Books of Account: Properly maintained at registered office, accessible to all partners.
  11. Disputes: Settled through mutual discussion, failing which through arbitration.
  12. 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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