The Short Partnership Agreement serves as a foundational document for establishing business partnerships in India, providing a streamlined yet legally robust framework for partners to formalize their business relationship. This document is particularly suitable for small to medium-sized businesses, professional services firms, and family businesses seeking to establish a partnership under Indian law. The agreement incorporates essential elements required by the Indian Partnership Act, 1932, while maintaining brevity and clarity. It covers crucial aspects such as capital contributions, profit sharing, management structure, and dispute resolution mechanisms, making it an ideal choice for partnerships that prefer a concise yet comprehensive agreement. The document is designed to be adaptable across various business sectors while ensuring compliance with Indian partnership and contract law.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification and details of all partners entering into the agreement
2. Background: Brief context of the partnership formation and business purpose
3. Definitions: Key terms used throughout the agreement
4. Partnership Business: Description of the nature and scope of partnership business
5. Capital Contribution: Details of initial capital contribution by each partner
6. Profit and Loss Sharing: Ratio and method of sharing profits and losses
7. Management and Decision Making: Partnership management structure and decision-making process
8. Banking and Financial Matters: Banking arrangements and financial management procedures
9. Term and Termination: Duration of partnership and conditions for termination
10. Governing Law: Specification of Indian law as governing law and jurisdiction
1. Non-Competition: Restrictions on partners engaging in competing businesses, included when partners have other business interests
2. Intellectual Property Rights: Ownership and usage of IP in the partnership, needed when IP is significant to the business
3. Death or Incapacity: Procedures in case of death or incapacity of partners, important for family businesses or long-term partnerships
4. Insurance: Requirements for business insurance, relevant for high-risk businesses
5. Dispute Resolution: Detailed arbitration or mediation procedures, included when partners want specific dispute resolution mechanisms
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's capital contribution, including valuation of non-cash assets
2. Schedule 2 - Profit Sharing Ratio: Specific percentages and any special arrangements for profit and loss sharing
3. Schedule 3 - Partner Details: Complete contact information and identification details of all partners
4. Appendix A - Business Plan: Optional brief business plan or description of business operations
Find the exact document you need
Non Profit Organization Partnership Agreement
A partnership agreement between non-profit organizations under Indian law, establishing terms for collaboration and shared charitable objectives.
Download
Model Partnership Agreement
A standardized partnership agreement template compliant with Indian law, establishing terms and conditions for business partnerships.
Download
Memorandum Of Understanding For Partnership
An Indian law-compliant preliminary agreement outlining key terms and conditions for establishing a business partnership, serving as a precursor to a formal Partnership Deed.
Download
Law Firm Partnership Deed
An Indian law-governed partnership agreement that establishes and regulates a law firm's structure, operations, and partner relationships.
Download
General Partnership Deed
A legal document under Indian law establishing a partnership between two or more persons to conduct business together and share profits.
Download
Agreement For Partnership Deed
An Indian law-compliant legal document that establishes and governs a business partnership, defining partners' rights, duties, and operational framework.
Download
Software Implementation Partner Agreement
An Indian law-governed agreement detailing terms and conditions for software implementation services between an implementation partner and client organization.
Download
Sleeping Partnership Agreement
An Indian law-governed agreement establishing a partnership where certain partners contribute capital without participating in business operations.
Download
Sleeping Partner Partnership Deed
An Indian law-governed partnership deed establishing the rights and obligations of sleeping (non-managing) and active partners in a business venture.
Download
Referral Partnership Agreement
An Indian law-governed agreement establishing terms and conditions for business referral partnerships, including commission structures and operational procedures.
Download
Realtor Partnership Agreement
An Indian law-governed agreement establishing a partnership between real estate professionals, ensuring RERA compliance and detailing operational framework.
Download
Real Estate Joint Venture Proposal
An Indian law-governed proposal document outlining terms and conditions for a real estate development joint venture, including project specifications, financial arrangements, and regulatory compliance requirements.
Download
Proposal For Joint Venture Letter
A formal business letter used in India to propose and initiate discussions for a potential joint venture partnership, outlining preliminary terms and structure under Indian law.
Download
Petrol Pump Partnership Agreement
An Indian law-governed agreement establishing a partnership for operating a petrol pump business, detailing operational, financial, and regulatory requirements.
Download
Partnership Deed For Transport Business
An Indian law-governed partnership agreement establishing a transport business venture, detailing partner rights, responsibilities, and operational procedures.
Download
Partnership Deed For Petrol Pump
An Indian law-governed partnership agreement for establishing and operating a petrol pump business, outlining partner rights, responsibilities, and operational procedures.
Download
Partnership Deed For LLP
An Indian legal document establishing the terms and conditions between partners in a Limited Liability Partnership (LLP), governed by the LLP Act, 2008.
Download
Partnership Deed For Film Production
An Indian law-governed partnership agreement for film production ventures, detailing partner rights, responsibilities, and profit-sharing arrangements.
Download
Partnership Deed Construction Business
A legal agreement under Indian law establishing a partnership for construction business operations, defining partner relationships and business terms.
Download
Partnership Deed Between Three Partners
An Indian law-governed agreement establishing a three-partner business partnership, defining rights, responsibilities, and operational framework under the Indian Partnership Act, 1932.
Download
Partnership Agreement Proposal
A formal proposal for establishing a business partnership under Indian law, outlining key terms and conditions for potential partners' consideration.
Download
Private Limited Company Partnership Agreement
An Indian law-governed agreement establishing partnership terms and conditions between shareholders in a private limited company, outlining rights, responsibilities, and operational framework.
Download
Partnership Agreement For Hotel Business
An Indian law-governed agreement establishing a partnership structure for hotel business operations, including operational, financial, and management provisions.
Download
Technology Partner Agreement
An Indian law-governed agreement establishing terms and conditions for technology service partnerships between providers and client organizations.
Download
Venture Capital Partnership Agreement
An Indian law-governed agreement establishing a venture capital partnership structure, defining relationships between fund managers and investors while ensuring regulatory compliance.
Download
Non Binding Partnership Agreement
A preliminary agreement under Indian law that outlines proposed partnership terms while maintaining a non-binding status, allowing parties to negotiate and explore collaboration possibilities.
Download
Letter For Partnership Agreement
An Indian legal document establishing a partnership arrangement between parties, outlining key terms and conditions under Indian Partnership Act requirements.
Download
Salon Business Partnership Agreement
An Indian law-governed agreement establishing a partnership structure for operating a salon business, including operational, financial, and regulatory terms.
Download
Rent Agreement For Partnership Firm
An Indian law-governed rental agreement specifically designed for partnership firms leasing property for business purposes, incorporating partnership-specific legal requirements and standard rental terms.
Download
Partnership Deed For Real Estate Business
An Indian law-governed partnership deed establishing terms and conditions for a real estate business partnership, incorporating RERA compliance requirements.
Download
Reseller Agreement For Software Products
An Indian law-governed agreement establishing terms for software distribution through authorized resellers, including licensing, sales rights, and operational requirements.
Download
Real Estate Agent Partnership Agreement
An Indian law-governed agreement establishing a partnership between real estate agents/firms, ensuring RERA compliance and defining operational framework.
Download
Partnership Deed For Hotel Business
A legal agreement under Indian law establishing a partnership structure for hotel business operations, defining partner relationships and business management terms.
Download
Authorized Reseller Agreement
An Indian law-governed agreement establishing terms and conditions between a manufacturer/principal and authorized reseller for product distribution and resale.
Download
Joint Venture Proposal
An Indian law-governed proposal document outlining the key terms and structure of a proposed joint venture between multiple parties, serving as the foundation for detailed negotiations.
Download
Short Partnership Agreement
A concise partnership agreement template compliant with Indian law, establishing core terms and conditions for business partnerships.
Download
Social Media Partnership Agreement
An Indian law-governed agreement establishing terms and conditions for social media partnerships, including content creation, compliance, and commercial terms.
Download
Partnership Deed
An Indian law-governed agreement establishing a partnership between two or more parties, defining their rights, responsibilities, and business relationship under the Indian Partnership Act, 1932.
Download
Online Business Partnership Agreement
An Indian law-governed agreement establishing partnership terms for online business operations, including digital assets, operations, and compliance requirements.
Download
Buy Sell Agreement Between Business Partners
An Indian law-governed agreement establishing terms for transfer of business ownership interests between partners, including valuation and execution procedures.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)