Deed of Admission of Partner-format 2

Updated atMarch 2010

Articles of partnership made this ……… day of ……… 2007 between Vishwas Rao son of etc. ……… of the one part and Chirag Desai son of etc. of the other part to the following effect. Whereas the said Vishwas Rao has been carrying on the business in ……… as its sole proprietor under the name and style of ……… at ……… and whereas, for development of the said business by mutual assistance and co-operation the said Vishwas Rao has agreed to admit Chirag Desai as a working partner and in consideration of the service to be rendered to pay him a sum equivalent to ……… % share of the net profits. Now this deed witnesseth and it is hereby agreed and declared as follows:

  1. The said Chirag Desai is hereby...

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