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Partnership Deed / Supplementary Agreement – An Overview
A Partnership Deed is a legal document that defines the rights, duties, and responsibilities of all partners involved in a business partnership. It helps avoid disputes by setting clear terms regarding profit sharing, roles, capital contributions, and exit clauses. A Supplementary Agreement is used to amend or add new terms to an existing deed when changes occur in the partnership structure.
Clear Legal Structure:
Defines profit sharing, roles, and responsibilities among partners.
Dispute Avoidance:
Minimizes misunderstandings and legal disputes among partners.
Customizable & Scalable:
Supplementary agreements allow flexibility to add/remove partners or amend terms.
Documents Required for Partnership Deed / Supplementary Agreement
To create or modify your Partnership Deed in India, the following documents are required:
PAN Card of All Partners
Aadhaar Card or Address Proof of All Partners
Passport-size Photographs of All Partners
Address Proof of Business Place (Electricity Bill/Rent Agreement)
Existing Partnership Deed (for supplementary agreement)
Mobile Number and Email IDs of All Partners
Processing Timeline
The timeline for drafting and registration is generally 3 to 7 working days depending on document readiness and partner availability.
Frequently Asked Questions
- What is a Partnership Deed?
- When is a Supplementary Agreement required?
- Is registration of Partnership Deed mandatory?
