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OF PARTNERSHIP is made at this ____ day of _____, 2011, BETWEEN : 1) Mr./Mrs./Ms. __________________________, an Indian Inhabitant, hereinafter referred to as the Party of the FIRST PART, and 2) Mr./Mrs./Ms. _______________________ also an hereinafter referred to as the Party of the SECOND PART, and Indian Inhabitant
3) Mr./Mrs./Ms _____________________, also an Indian Inhabitant, hereinafter referred to as the Party of the THIRD PART, WHEREAS : i. The parties hereto of the First, and Second Parts were carrying on business in partnership under the name and style of M/s. ____________________ as per Deed of Partnership dated __________ and ii. The parties hereto of the Third Part have expressed their desire to join as partner with effect from ____ day of __________, ____. iii. The parties hereto of the _____ and ______ Parts have agreed to admit the parties hereto of the _____, ______ and _____ Part as partners w.e.f. __________ and have decided to carry on business in partnership on certain terms and conditions as are hereinafter contained. NOW IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS UNDER : 1. That the partnership hereby re-constituted has commenced its business from ____ day of ____________, ____. 2. The duration of the partnership shall be AT WILL.
3. That the re-constituted partnership business shall continue to be carried on under the name and style of M/S. ______________ and/or such other name or names as the partners may agree upon from time to time.