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Partnership Agreement Template
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Partnership Agreement
For Indian Businesses Forming Partnerships
Version 1.0 — June 2026
- Defines profit sharing and capital contributions — prevents disputes over money
- Clarifies roles and decision-making — avoids confusion and deadlocks
- Protects against unlimited liability — under the Indian Partnership Act, 1932, partners have joint and several liability
- Essential for any partnership — family businesses, professional practices, and joint ventures
- Governs dissolution and exit — clear procedures for retirement, death, and dissolution
Profit Sharing: Profits and losses shall be shared in the ratio of the Partners' capital contributions as set out in Schedule B .
Joint and Several Liability: Under the Indian Partnership Act, 1932, each Partner is jointly and severally liable for all acts of the firm .
Decision-Making: Ordinary decisions shall be made by majority vote. Major decisions, including admission of new partners and dissolution, shall require unanimous consent .
🔒 The full document includes detailed capital contribution provisions, profit-sharing ratios, roles and responsibilities, decision-making procedures, retirement and dissolution mechanisms, and comprehensive dispute resolution.
- Family businesses and HUF partnerships
- Professional practices (CA firms, law firms, consultancies)
- Joint ventures between individuals
- Any business operating as a partnership under the Indian Partnership Act, 1932
- Replace legal advice from a qualified lawyer
- Guarantee enforceability in all situations
- Create an attorney-client relationship
- Register the partnership under the Indian Partnership Act, 1932
- Save ₹25,000–₹50,000 — this would cost 3-5x if drafted by a lawyer
- Save 2-3 weeks — lawyers take days to draft this
- Prevent partnership disputes — clear profit sharing, roles, and decision-making
- Protect against liability — defines scope of partnership authority
- Customization Manual included — you can tailor it yourself
- Risk Alert Checklist — avoid the 8 most common mistakes
- Instant download — pay, get it immediately
- ✅ Full Word document (11 Clauses + 2 Schedules)
- ✅ Customization Manual
- ✅ Risk Alert Checklist
- ✅ 1 round of email support
- ✅ Everything in Template Only
- ✅ We customize it for your specific partnership
- ✅ Tailored to your industry, capital structure, and profit sharing
- ✅ Delivered within 3 business days
— Managing Partner, Mumbai-based Family Business
Protect your partnership and your future.
Get your professionally drafted Partnership Agreement today.
Buy Now — ₹8,000 + GST →UPI: 9820998399@apl
For support: legal@drivingdreams.in | UPI: 9820998399@apl
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