PARTNERSHIP DEED

This Deed of Partnership executed at Chennai on this _________day of _____________ 2025

1. Mr.

2. Ms.

3. Mr. Aravind k, S/o Mr Kandaswamy P, aged about 35 years and residing at #84,
1st Floor, 2nd street, Sri lakshimi nagar, Nerkundram, Chennai – 600 107
hereinafter called The Party of the Third Part (Consulting Partner)

This Partnership Deed is executed to carry on the Business in the name style M/s.
‘_____________’

The Partnership firm from now onwards consists of three partners. The partners agreed
to the terms and condition of the Partnership deed in writing as under.
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NOW THIS DEED OF ADMISSION OF PARTNERS WITNESSETH AS FOLLOW

1. NAME OF THE FIRM

The name and style of the partnership shall be ‘__________’

2. PRINCIPLE PLACE OF BUSINESS

3. NATURE OF BUSINESS

The business of the partnership shall be Import & Export of Perishables, Fruit, Cash
crops and commodities related to Food.

ANY OTHER business other than Import & Export, However; the partners may carry on
any other business under their individual capacity, during this DEED or retirement of
any of the parties concerned.

4. DURATION

The partnership shall be reckoned from _____ day of _____ 2025 and the duration of the
partnership firm shall be “AT WILL” but in case any partner desire to retire from the
said partnership, he/she be at liberty to do so by giving three months’ notice in writing
to the all the partners. However, concerned partner(s) is not allowed to retire “AT WILL”
if the partner(s) is partly of fully involved in any misappropriation of funds or indulging
in maligning the reputation of partners or ‘______’ or any such case where ‘________’ or its
partners are directly or indirectly affected financially and/or non-financially.

5. PROFIT SHARING RATIO AMONG THE PARTNERS

The partner have decided to share the business and its profit/loss in the below agreed
share dividing pattern:-

A. Mr. __________________ - 33.33%

6. REMUNERATION OF PARTNERS

All the partners shall take active interest in the business of the firm and take part in the
day to day business activist and activities of the firm. They will be paid remuneration as
provided in clause(5) above and the profit payable will be as provided in sec 40 of the
Income Tax Act or any other section as amended from time to time and the said
remuneration shall be shared by all partners equally.
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7. MANAGEMENT

The Management of the partnership shall be done by all the part of the agreement. In
order of ease of business any two part to the agreement, shall sign all the documents to
be filed.
However, decisions concerning borrowing money/loans, promos, changes to the
products and other concerning the firm, hiring of staff/consultant or any aspect that
affects/interferes day-today operations shall be discussed with partners, consensus
with parties, shall be obtained before execution.

8. BANK ACCOUNT

The firm shall have account or accounts with such bank or banks as the partners may
agree upon and bank account to be operated by any two part to the agreement. Other
partners have rights to seek clarification regarding the operating model or finances and
the Other two party is obligated to provide explanation.

9. RETIERMENT OF PARTNERS

Any partner may retire from the firm with the consent in writing to the other partners
by giving not less than three(3) months’ notice of his/her intention to retire.

10. LIABILITY CLAUSE

This being a Partnership formed on agreed upon mutual consent, All Legal and All the
Statutory liabilities of the business carried on earlier by any of the Parties in the own
name or company, shall be the liability of Such parties to the Agreement and this
Partnership firm now formed or any partners of this firm are not Liable.

11. ACCOUNTING

The Account of the partnership business shall be closed at the end of ever financial year
ending on 31st March and it will be audited by a firm of Chartered Accountants as
required by the Rules made under Income-tax Act or any other statutes in force. The net
profit or loss so decided shall be adjusted to the personal account of the partners

12. MODE OF GETTING FUNDING/LOAN

That loan or Loans may be obtained or arranged for the purpose of this partnership and
signed by all party to the agreement. It is agreed that, none of the partners as per this
deed/agreement can avail any loan through bank or private party or attract private
equity partners/VC’s, in the name of ‘____________’, without mutual written consent from
all the partners.
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13. INDEMNITY FOR LOSS

The partners shall indemnify the firm any loss caused to it by willful negligence or
misappropriation or embezzlement of funds in the conduct of business.

The partners are responsible for any liability arise from Income-tax Department, Goods
and Service Tax Department, any other revenue authority, any court of law or any other
competent Authority or Authorities, even through either of the single partner given
undertaking or signed on behalf of the firm.

If any of the partner(s) is/are found to be responsible for negligence, misappropriation

14. ARBITRATION

In respect of matters not referred to specifically here in the provisions of the

15. OTHERS

The parties concerned in this deed and ‘______________’ is indemnified from any loans,
liabilities, employee commitments, termination, legal or criminal proceedings of the
previous/current owners or ownership and prior to this deed.

‘___________’ or its partners are indemnified and non-liable to any of the personal,
professional, financial or any such liabilities of the partners in their existing business
and/or prior to this deed or during this deed.
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16. GENERAL CLAUSE

Those clauses which are not specifically mentioned in this deed, the Partnership Act
1932, will prevail over it.

IN WITHESS WHEREOF the parties hereto have signed up to this deed of partnership
on the __________ day of _________________ 2025

WITNESS PARTIES

1. Mr. ________________________

2. Ms. ________________________

3. Mr. ________________________