Business Partnership Agreement
Collaborate Smart. Stay Protected. Legally Solid.
4.8 (152 reviews)
Last Updated: June 2025
What is a Partnership Agreement?
A Business Partnership Agreement is a legal contract between two or more individuals or entities who decide to run a business together. It outlines the rights, responsibilities, profit-sharing ratios, decision-making structure, and conflict resolution mechanisms.
This agreement helps prevent misunderstandings, sets clear expectations, and ensures that all partners are legally protected.
📜 Service Description
A professionally drafted Business Partnership Agreement from Vakilify typically includes:
Capital Contributions – Initial investment, ongoing contributions, ownership percentages
Profit & Loss Sharing – How profits/losses will be divided among partners
Roles & Responsibilities – Who handles what, decision-making authority
Management Structure – Voting rights, partner meetings, key operational rules
Admission & Exit of Partners – Rules for adding/removing partners, buyouts
Dispute Resolution – Steps for mediation, arbitration, or litigation
Confidentiality & Non-Compete – Restrictions to protect business interests
Termination & Dissolution – How the partnership can be ended and assets distributed
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Partnership Agreement
🏛 Laws Governing Partnership Agreements in India
Your agreement will comply with:
Indian Partnership Act, 1932
Indian Contract Act, 1872
Income Tax Act, 1961 (for financial clauses)
Limited Liability Partnership Act, 2008 (if LLP structure is selected)
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