Partnership Deed

A Partnership Deed is a written agreement between two or more persons who agree to carry on a business together and share its profits and losses. In Pakistan, partnerships are governed by the Partnership Act 1932, and registration with the Registrar of Firms is strongly recommended for legal protection.

§When You Need This

• •Starting a business with one or more partners
• •Formalizing an existing informal business arrangement
• •Required for business bank account opening
• •NTN registration for partnership business

---

Template

PARTNERSHIP DEED

This Partnership Deed is entered into on [Date] at [City], between:

Partner 1: [Full Name], CNIC [CNIC], Address: [Address] Partner 2: [Full Name], CNIC [CNIC], Address: [Address] Partner 3 (if applicable): [Full Name], CNIC [CNIC], Address: [Address]

(Collectively referred to as "the Partners")

TERMS OF PARTNERSHIP

1. Business Name: The partnership shall operate under the name [Business/Firm Name].

2. Business Nature: The business shall be [describe nature of business].

3. Principal Office: [Complete Business Address].

4. Commencement: This partnership shall commence from [Date].

5. Capital Contribution:

• •Partner 1: PKR [Amount] — [X]% share
• •Partner 2: PKR [Amount] — [X]% share
• •Partner 3: PKR [Amount] — [X]% share

6. Profit & Loss Sharing: Profits and losses shall be shared in proportion to capital contribution unless otherwise agreed:

• •Partner 1: [X]%
• •Partner 2: [X]%

7. Management: Day-to-day business shall be managed by [Managing Partner Name]. Major decisions require consent of all partners.

8. Banking: A joint bank account shall be operated under the firm name. Cheques above PKR [Threshold] require signatures of [X] partners.

9. Retirement: Any partner wishing to retire shall give [60] days written notice to remaining partners.

10. Dissolution: The partnership may be dissolved by mutual written consent of all partners or as per the Partnership Act 1932.

11. Dispute Resolution: Disputes shall be resolved by arbitration in [City] under the Arbitration Act 1940.

---

PARTNER 1 — Signature: ___________ CNIC: ___________ Date: ___________ PARTNER 2 — Signature: ___________ CNIC: ___________ Date: ___________

WITNESS 1 — Name: ___________ CNIC: ___________ Signature: ___________ WITNESS 2 — Name: ___________ CNIC: ___________ Signature: ___________

---

§Checklist

• •Register with Registrar of Firms in your province
• •Open dedicated business bank account
• •Register NTN with FBR as a firm
• •Each partner keep a signed copy