1. Title and Introduction

• The deed begins with the title “Partnership Deed” at the top
  
• It includes the date on which the deed is executed
  
• Names and addresses of all partners are clearly mentioned
  
• The firm name and principal place of business are stated
  
• It includes a statement confirming the formation of the partnership
  

2. Business and Capital Details

• Nature and scope of the business are defined
  
• The capital contribution of each partner is mentioned
  
• The method for introducing additional capital is specified
  
• Interest on capital, if any, is recorded in this section
  
• Profit and loss sharing ratio among partners is stated clearly
  

3. Roles and Responsibilities of Partners

• Duties and authority of each partner are outlined
  
• Decision-making procedures and voting rights are described
  
• Provisions related to admission, retirement, or removal of a partner are included
  
• Rules for day-to-day operations and partner conduct are mentioned
  
• Partner rights regarding drawings, loans, and accounts are covered
  

4. Accounting and Settlement Provisions

• Maintenance of books of accounts and the financial year period is defined
  
• Audit arrangements, if applicable, are mentioned
  
• Procedures for distributing profits and settling disputes are included
  
• Treatment of losses, liabilities, and debt recovery is specified
  
• Provisions for winding up or dissolution of the firm are outlined
  

5. Signatures and Witnesses

• All partners must sign the deed with their full names and date
  
• Signatures must appear at the end of the document
  
• Two witnesses with names, addresses, and signatures are required
  
• Each partner should retain a signed copy of the deed
  
• The deed may be executed on stamp paper and notarized as per local laws