Partnership deed A partnership deed is a written document containing all the rights and obligations of the partners in the partnership. It is not advisable to create an oral deed, it is always safer to go for creating one. The following are the essential elements of a partnership deed : Name and address of the [...]
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Partnerships in India can be classified on the basis of Duration and Liability of the partners. The types of partnership found in India are : Partnerships on basis of duration : Partnership at will. In this type of partnership, the partners do not decide the time duration of the partnership. The partnership exists at the [...]
Effects of an unregistered partnership (a) No partner can sue the firm or any other partner – a partner of an unregistered firm cannot sue the firm or any partner of the firm to enforce any right. (b) No partner and the firm can sue third party – an unregistered firm and its partners cannot sue [...]