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PARTNERSHIP DEED is a free, ready-to-use Commercial law template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
Reach for this Commercial law template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with India in mind, though you should always review the final wording against the laws that apply to you.
A well-drafted Commercial law usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.
Updated 3 July 2026
A partnership deed for constituting or reconstituting a partnership firm of up to four partners in India, governed by the Indian Partnership Act, 1932. It sets out the firm's name and business, capital contributions, interest on capital, remuneration to working partners and the position of financing/sleeping partners, profit- and loss-sharing ratios, bookkeeping and bank operation, continuation of the firm on a partner's death (as a change in constitution, not dissolution), admission of new partners, and dispute resolution by arbitration. The interest and remuneration clauses are aligned with sections 40(b)(iv) and 40(b)(v) of the Income-tax Act, 1961. The deed should be executed on stamp paper of the value applicable in the state of execution, and may (optionally but advisably) be registered with the Registrar of Firms.A partnership deed for constituting or reconstituting a partnership firm of up to four partners in India, governed by the Indian Partnership Act, 1932. It sets out the firm's name and business, capital contributions, interest on capital, remuneration to working partners and the position of financing/sleeping partners, profit- and loss-sharing ratios, bookkeeping and bank operation, continuation of the firm on a partner's death (as a change in constitution, not dissolution), admission of new partners, and dispute resolution by arbitration. The interest and remuneration clauses are aligned with sections 40(b)(iv) and 40(b)(v) of the Income-tax Act, 1961. The deed should be executed on stamp paper of the value applicable in the state of execution, and may (optionally but advisably) be registered with the Registrar of Firms.