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Partnership Deeds
Partnership agreements, LLP agreements, joint venture contracts
What are Partnership Deeds?
📌 Overview
Partnership deeds define rights, duties, and profit-sharing among partners. HLAPL provides drafting and registration of partnership deeds, LLP agreements, and joint venture contracts.
✅ Key Aspects
Partnership deed drafting, LLP agreement drafting, Joint venture contracts, Profit sharing ratio, Capital contribution, Partner roles and responsibilities, Admission and retirement of partners, Dissolution and winding up.
⚖️ Legal Framework
Governed by Indian Partnership Act, 1932 for firms and LLP Act, 2008 for LLPs. Registration optional for firms but recommended. HLAPL ensures comprehensive deeds.
Important FAQs
❓ What is the difference between partnership and LLP?
Partnership has unlimited liability. LLP provides limited liability to partners. HLAPL advises on suitable structure based on business needs.
❓ Is partnership registration mandatory?
Registration is not mandatory but recommended for legal recognition and partner rights. HLAPL handles registration if required.
❓ What should a joint venture agreement include?
Purpose, contribution, governance, profit sharing, exit mechanism, and dispute resolution. HLAPL drafts comprehensive joint venture agreements.
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