How Can We Change Terms of Partnership Deed
How can we change terms of partnership deed A partnership deed is a written authoritative document to avoid unnecessary misunderstanding from superfluous misconception, unpleasantness and offensiveness among the accomplices in case of any dispute. For mutual advantage, the registration of Deed of Partnership is made under the Indian Registration Act, 1908 in order to dodge dread of the Deed of partnership being destroyed or mutilated in the possession of the partners. PartnershipDeed is a key archive for the firm as it governs the company's tasks and activities. The partners must keep the provisions of partnership deed amid its existence and must not act beyond the scope drawn. Thus, to broaden or confine the scope of operations or activities, accomplices may change the partnership agreement. The changes in Partnership deed are made by execution of a supplementary deed which is a tailpiece to the authentic partnership deed. The regi...