This DEED OF PARTNERSHIP is made on this __DATE__ at Jaipur, Rajasthan;
— BETWEEN —
1. Alok Singhal, S/o Shri Giriraj Singhal, residing at Flat 201, Silver Crest, Bapu Nagar, Jaipur (hereinafter referred to as the "FIRST PARTNER");
— AND —
2. Tarun Khandelwal, S/o Shri Devendra Khandelwal, residing at House 14, Mansarovar, Jaipur (hereinafter referred to as the "SECOND PARTNER").
- FIRM NAME & OFFICE: The partnership business shall be carried on under the firm name: M/s Singhal & Khandelwal Enterprises.
- COMMENCEMENT & DURATION: The partnership shall commence with immediate effect and shall be a Partnership at Will.
- CAPITAL CONTRIBUTION: The initial capital shall be ₹10,00,000/- contributed equally by both partners.
- PROFIT & LOSS SHARING: Net profits and losses shall be shared in the ratio of 50% : 50%.
- BANK ACCOUNT: Bank accounts shall be opened in the name of the firm and operated jointly or severally by mutual agreement.
Alok Singhal
Tarun Khandelwal