A Partnership Deed is an agreement between the partners of a business that describes the terms and conditions of the partnership.
Duration of Partnership whether the tenure of a partnership firm is for a short period of time or for a specific project.
Commission and salary details regarding salary and, if applicable, commission paid to partners.
Contribution of Capital Each partner will make a capital commitment, and interest on that capital will be paid to the partners.
The policy outlines the types of drawings from the firm that each partner is allowed to make, as well as any interest paid to the firm on such drawings.