Legal Advice on Partnership Deed for a School Project Needed
24-Sep-2023 (In Documentation Law)
Hi,
I'm Starting a School in Bangalore, Land for the school is Owned by someone else. We agreed for Partnership staing that i would pay him 15% of the profit share instead of Rent and all he has to do is give the land for a lease of 20 years.
My Questions: What steps should i Take and legal formalities?
I'm Starting a School in Bangalore, Land for the school is Owned by someone else. We agreed for Partnership staing that i would pay him 15% of the profit share instead of Rent and all he has to do is give the land for a lease of 20 years. My Questions: What steps should i Take and legal formalities?
Make an agreement and register it
Make an agreement and register it
Hi, you may get a legal draft of the partnership deed document that outlines in detail the rights and responsibilities of all parties to a business operation. It has the force of law and is designed to guide the partners in the conduct of the business. It is helpful in preventing disputes and disagreements over the role of each partner in the business and the benefits which are due to them. The same should be registered.
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