Draft a deed of extending period of partnership. Assume facts, if required.

CS Professional · Drafting, Pleadings and Appearances · PYQS · December 2022
Draft a deed of extending period of partnership. Assume facts, if required.

Answer & Explanation:

Deed extending Period of Partnership THIS DEED OF AGREEMENT is made at............on the............day of............2022 BETWEEN AB............CD............and EF............ WHEREAS A.B, CD and EF are the existing partners in the firm titled as............carrying on its business at............by virtue of deed of partnership dated............executed between them. AND NOW THIS AGREEMENT WITNESSES as follows: That each of the said A.B., C.D. and E.F. do hereby agree with the others of them, jointly and severally, in the manner following, that is to say; That the said A.B., C.D. and E.F. will remain and continue partners together in the said trade or firm business of............for the further term of............years to be counted from the............day of............2022, the day on which the original deed of partnership shall expire, upon such and the same terms and conditions, and with, under and subject to such and the same covenants, provisions and agreements as are expressed and contained in the said original deed of partnership dated............to which this agreement is appended, and to which the said partners hereto, their respective legal representatives would have been subject or liable, if the said deed of partnership and the partnership thereby created, and the several covenants, declarations, provisions and agreements therein mentioned and contained had been made or entered into for the term of ten years instead of the term of five years. IN WITNESS whereof the said A.B, C.D. and E.F. have hereto at............by way of a supplementary deed executed these presents on the day and the year first above mentioned and appended the same to the original deed of partnership. WITNESSES: Partner 1............ Partner 2............ Partner 3............

Topics: Drafting of Deeds and Documents

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