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REQUIRED FORMAT FOR AMENDMENT TO PARTNERSHIP DEED FOR REMUNERATION

K P BHANUSHALI (PROPRIETOR) (540 Points)

18 February 2025

Hi

If available, you are requested to send format for amendment to Partnership Deed regarding remuneration.

Thanks in advance

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (6469 Points)
Replied 18 February 2025

Here's a sample format for amending a Partnership Deed to include remuneration: Amendment to Partnership Deed Regarding Remuneration This Amendment to Partnership Deed ("Amendment") is made and entered into on [Date of Amendment] ("Effective Date") by and among [Partnership Firm Name] ("Partnership Firm") and its partners ("Partners"). Recitals WHEREAS, the Partners have agreed to amend the Partnership Deed dated [Original Partnership Deed Date] ("Original Deed") to provide for remuneration to be paid to the Partners; and WHEREAS, the Partners have agreed upon the terms and conditions of such remuneration. Amendment The Partnership Deed is hereby amended by adding the following clause: *Remuneration* 1. The Partnership Firm shall pay remuneration to each Partner in consideration of their services to the Partnership Firm. 2. The remuneration payable to each Partner shall be [ specify amount or percentage of profits ] per annum, payable [ specify frequency, e.g., monthly, quarterly ]. 3. The remuneration shall be paid out of the profits of the Partnership Firm. Other Terms Except as amended hereby, the Original Deed shall remain in full force and effect. Governing Law This Amendment shall be governed by and construed in accordance with the laws of [State/Country]. Execution This Amendment has been executed by the Partners as of the date first above written. --- Signature of Partner 1: ________________________ Signature of Partner 2: ________________________ Signature of Partner 3: ________________________ Date: ________________________ Please note that this is a sample format and should be reviewed and customized according to your specific needs and circumstances. It's also recommended to consult with a lawyer or legal professional to ensure the amendment is legally binding and enforceable.

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