AI-Powered Legal Drafting

Draft a Partnership Deed with AI

Starting a partnership business? Create a robust, jurisdiction-compliant partnership agreement covering profit splits, capital contributions, partner roles, and dissolution terms.

No credit card required. Document ready in minutes.

Why Draft with AI?

Precision meets professional standards.

DraftBot doesn't just fill templates. It builds legally sound logic from scratch based on your inputs, covering:

Complies with Indian Partnership Act, 1932 provisions

Specifies clear profit, loss, and capital contribution ratios

Outlines operational roles, decision-making, and bank operations

Includes retirement, admission, death, and dissolution clauses

Drafted for execution on appropriate state stamp paper

100% Legally Accurate

Our AI engine is trained on thousands of legal precedents and jurisdiction-specific case laws to ensure your document stands up to scrutiny.

Common Questions

Drafting Knowledge

Is registration of a partnership deed mandatory in India?

Registration under the Registrar of Firms is not strictly mandatory to start business, but unregistered firms cannot file suits in court against third parties to enforce contract rights. We recommend registering the deed.

What stamp duty applies to a partnership deed?

Stamp duty on a partnership deed varies by state and total capital introduced (e.g., in Maharashtra, it ranges from ₹500 to a percentage of capital). Our AI provides guidance on the applicable denomination.

Can partners draw salary or interest on capital?

Yes, if explicitly mentioned in the deed. For tax deductions under Section 40(b) of the Income Tax Act, partner remuneration and interest (up to 12% p.a.) must be authorized in the deed.