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Partnership deeds are essential documents that lay down the foundation of a partnership. They serve as a guiding light, outlining the rights, duties, and responsibilities of each partner involved. In this blog post, we will delve into the intricacies of partnership deeds , exploring their significance, key components, and why they are crucial for any business venture. What is a Partnership Deed? A partnership deed is a legal document that formalizes the relationship between partners in a business partnership. It is a written agreement that outlines various aspects of the partnership, including the roles and responsibilities of each partner, profit-sharing ratios, decision-making processes, capital contributions, and procedures for dispute resolution. Importance of Partnership Deeds: Clarity and Understanding: Partnership deeds provide clarity on the terms and conditions governing the partnership, ensuring that all partners are on the same page regarding their rights and obligations. L