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How do you write a partnership deed? Name and address of the firm as well as all the partners. Nature of business to be carried out by the firm. Date of commencement of business. Duration of partnership (whether for a fixed period/project) Capital contribution by each partner. Profit sharing ratio among the partners.

Registration of a partnership firm is not mandatory under law. The Partnership Act,1932 provides that if the partners so desire may register the firm with the Registrar of Firms of the state in which the firm's main office is situated.

It is compulsory to have a Partnership Deed. 2. It is compulsory for a partnership firm to get itself registered. 3.

In an unregistered partnership firm, a partner cannot take any legal action against a co-partner. Any breach of contract or conflicts of interest cannot be addressed by the law in the case of unregistered partnership firms. In an unregistered partnership firm, the partners cannot enforce their rights.

The main difference here is that a partnership agreement is not registered in the court of law because it's an agreement between the partners. A partnership deed is still an arrangement between partners but, it's registered in the court of law.

Partnership deed is a partnership agreement between the partners of the firm which outlines the terms and conditions of the partnership between the partners. The purpose of a partnership deed is to provide clear understanding of the roles of each partner, which ensures smooth running of the operations of the firm.

Registration of a partnership firm is not mandatory under law. The Partnership Act,1932 provides that if the partners so desire may register the firm with the Registrar of Firms of the state in which the firm's main office is situated.