|Partnership Deed (India)|
Set up a partnership under Indian law with this Partnership Deed template. One of the partners will be the managing partner and will conduct the partnerships affairs. The managing partner will be paid an annual remuneration. The partners will contribute additional funds to their respective capital accounts as required by the partnership business. Interest will be paid on the capital and/or loan accounts of the partners. If a partners capital account has a debit balance, the partner will pay interest to the partnership at the rate established in the Deed. Net profits will be distributed among the partners in proportion to their capital contributions. Losses will be allocated on the same basis. Each partner agrees to pay his separate debts and to indemnify the other partner(s) and the assets of the partnership against such debts. No goodwill will be payable on the death or retirement of a partner. The parties agree to binding arbitration in the event of a dispute. This India Partnership Deed is available in MS Word format, and is fully editable to fit your particular circumstances.