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Partnership Agreement

Protect Your Partnership. Define Your Terms. Avoid Disputes.


A Partnership Agreement (also known as a Partnership Deed) is a legally binding document that outlines the terms, conditions, and obligations between two or more individuals or entities entering into a business partnership. It governs the way your partnership operates and ensures all partners are aligned on expectations, responsibilities, and rights.


Having a written agreement is not just smart—it’s essential to prevent future conflicts and safeguard your business interests.

🧾 What Does a Partnership Agreement Include

Here’s what a comprehensive Shareholders Agreement typically covers:

✅ Nature and Scope of Business
What your partnership is about, its goals, and permitted activities.

✅ Capital Contributions
How much each partner is investing—money, assets, or time.

✅ Roles and Responsibilities of Partners
Who does what—daily operations, financial decisions, and strategic planning.

✅ Dispute Resolution Mechanism
Outlines the process for settling disagreements—through arbitration, mediation, or court.

✅ Admission and Exit of Partners
Terms for adding new partners or handling a partner’s resignation, death, or expulsion.

✅ Decision-Making Authority
Whether decisions require unanimous consent, majority vote, or individual control.

✅ Profit and Loss Sharing Ratio
Clearly defines how earnings (and liabilities) are divided.

✅ Dissolution Clause
Defines how the partnership can be legally ended and how assets/liabilities will be handled

⚖️Why You Need a Partnership Agreement

Without a formal agreement:

❌ Disputes can arise over profits or decision-making
❌ No clarity on what happens if a partner exits or passes away
❌ Banks and investors may not take the business seriously
❌ Legal protection is weak during conflicts or dissolution

A legally sound agreement drafted by experts gives you clarity, structure, and enforceability—protecting your business from unnecessary risks..

👥 Who Should You use our service?

✅ Entrepreneurs starting a new partnership
✅ Family businesses formalizing relationships
✅ Professional firms (CA, lawyers, consultants)
✅ Small and medium-sized enterprises (SMEs)
✅ Startups splitting equity and roles
🌟 Why Choose TAXAJ for Partnership Agreements?

At TAXAJ, we combine legal precision with business practicality.

🧠 Experienced Corporate & Startup Lawyers
✍️ Tailored Agreements—not generic templates
🔒 Legally Valid & Compliant with Indian Partnership Act, 1932
⚡ Quick Turnaround and digital support for PAN India
📁 Assistance with Registration, GST, PAN, and more

Whether you're a two-person startup or a multi-partner enterprise, we help you set the legal foundation right from the beginning.