What is the difference between partnership deed and partnership agreement ???
4 Replies
adula...
(student)
(550 Points)
Replied 01 January 2009
partnership deed is nothing but only written document with name share ratio etc
kckinn
(CA)
(759 Points)
Replied 01 January 2009
Thanks. I know what partnership deed is. I am not able to understand what the difference between the partnership deed and the partnership agreement.
adula...
(student)
(550 Points)
Replied 01 January 2009
uh.. my frnd has taken my cpt book ...i forgot the defn
may be its promis and acceptance for partnership is called partnership agreement
and which is written in paper is called deed...sory for ambigious answer....
Praveen Singh
(Company Secretary)
(1694 Points)
Replied 10 December 2016
Partnership Agreement is a written documents in which partners are mutully agreed terms of partnership business like ditribution of profits and losses between/amoung partners.
Once this agreement is registered it become Partnership DEED and it is enforceable by law.
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