Which of the following is not included in the Contents of the Partnership Deed-

A Partnership Deed is a legal document that governs the relationship between partners in a partnership firm. It contains various clauses that define the terms and conditions of the partnership.

Contents typically included in a Partnership Deed:

Names and Addresses of all partners → Essential for identifying the parties entering into partnership

Profit and Loss Sharing Ratio → Determines how profits/losses will be distributed among partners (if not mentioned, equal sharing is assumed as per Indian Partnership Act, 1932)

Rate of interest on capital, loan, drawings → Specifies financial terms like:

• Interest on capital contributed by partners
• Interest on loans advanced by partners to the firm
• Interest charged on drawings made by partners

Rights, duties and liabilities of partners → These are clearly defined in the deed

The rights, duties and liabilities of each partner's spouse are not included in the Partnership Deed because:

The partnership deed is a contract between the partners of the firm, not their family members. A partner's spouse has no direct legal relationship with the partnership firm unless they themselves become a partner. The deed focuses solely on the partners' mutual rights and obligations towards the firm and each other.

The spouse may have certain indirect rights (like inheritance rights if a partner dies), but these are governed by other laws, not by the partnership deed itself.