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The argument in favor of using filler text goes something like this: If you use real content in the Consulting Process, anytime you reach a review point you’ll end up reviewing and negotiating the content itself and not the design.

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  • Chicago 12, Melborne City, USA
  • (111) 111-111-1111
  • lawyer@gmail.com
  • Week Days: 09.00 to 18.00 Sunday: Closed
Legal Agreements

Business Partnership Agreement

A business partnership agreement is a written contract that specifies the terms and conditions of a partnership between two or more people and establishes the ratio of profit and loss sharing. It is a written agreement between partners who wish to do business together. Additionally, this agreement will outline the partners' shared obligations.

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Terms of Partnership Agreement
The following is included in a well-written partnership agreement:

Business Identity

Definition of Business

Number and Name of partners

Registered Office

Business Contributions

Commencement Date

Revenue Distribution Plan

Financial Reporting

Partner Duties & Obligations

Notice Protocol

Admission of new partners

Non-Compete Agreements

Confidentiality Measures

Term of the Business Partnership

Legal Framework For Partnership Agreement in India
India has the following laws that regulate distinct parts of partnership agreements:

Indian Partnership Act, 1932: It covers aspects such as formation, rights, duties, and dissolution of partnerships.

The Indian Contract Act, of 1872: governs the general principles of contract formation, which are often applicable to partnership agreements as well.

Foreign Exchange Management Act, 1999: governs foreign exchange transactions and regulates foreign investment in India, including the establishment of partnerships with foreign partners.

Consolidated FDI Policy, 2020: outlines the regulations and restrictions on FDI in different sectors, including those involving partnerships.

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Step 1

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Step 2

Schedule a Call with a Lawyer

choose a time slot for a consultation with the lawyer to discuss your needs.

Step 3

Delivery of Your Document

Receive the document promptly via email at your registered email ID as per the agreed-upon timeframe.

Deliverables

Our standard deliverables for each document drafting encompass:

30 minutes
to talk and prepare the agreement with
the lawyer.
You will receive
the first draft of the documents in a maximum of 3-days.
we accomodate your feedback & modifications, after receiving the initial drafts.
Got questions? We've got answers!

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  • What is a partnership Firm?

    A partnership firm is an organization made up of two or more people who manage a business to earn profit. A partnership firm is a group of people that includes all of its members, each of whom is referred to as a partner.

  • What are the benefits of a partnership firm?

    Following are a few advantages of a partnership firm:
    ● Responsibility and liability sharing among partners. ● Sharing of losses among the partners. ● Additional capital may be invested due to the presence of multiple partners.

  • Is the Partnership Deed required to be notarized?

    Yes, it’s necessary to notarise a partnership deed. The partnership would merely be an arrangement with no legal power behind it if the deed were not notarized and registered.

  • Is it mandatory to register a partnership firm?

    According to the Partnership Act of 1932, registering a partnership firm is not required. The firm does not possess a distinct legal identity and registration.

testimonials

See What Out Happy Clients Says

Annony Mous

Criminal Defense Client
The law firm is one of the top law firms in NewYark and represents both foreign and local clients. The firm operates as a partnership of several leading practicing.

Smith Ran

Defense Client
I'm a recent client of Patrick Casey. I was greatful when I heard that my case was dismissed. I know its dismissal is because of the quality of work Patrick Casey did.

Annony Mous

Criminal Defense Client
The law firm is one of the top law firms in NewYark and represents both foreign and local clients. The firm operates as a partnership of several leading practicing.

Smith Ran

Defense Client
I'm a recent client of Patrick Casey. I was greatful when I heard that my case was dismissed. I know its dismissal is because of the quality of work Patrick Casey did.

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