tiktok³ÉÈË°æ

All Countries
Corporate Governance
Partnership Deed Form

Partnership Deed Form Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Partnership Deed Form

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Partnership Deed Form

"I need a Partnership Deed Form for a three-partner technology consulting firm in Lagos, Nigeria, with unequal capital contributions (60%, 25%, 15%) and specific provisions for intellectual property rights, planning to commence operations on March 1, 2025."

Celebrated by
Collaborations with
Investors
Document background
The Partnership Deed Form is a crucial legal document used in Nigeria when two or more parties wish to enter into a formal business partnership. This document is essential for establishing clear terms and conditions that will govern the partnership relationship, ensuring compliance with Nigerian legislation, particularly the Partnership Act 1890 and CAMA 2020. The deed includes vital information about capital contributions, profit sharing, management structure, partner obligations, and dissolution procedures. It serves as both a regulatory requirement and a practical tool for preventing future disputes by clearly defining each partner's rights and responsibilities. The document is particularly important in the Nigerian business context, where partnerships are a common form of business organization and require proper documentation for legal recognition and protection.
Suggested Sections

1. Parties: Identification and details of all partners entering into the partnership

2. Background: Context of the partnership formation and brief description of the business purpose

3. Definitions: Definitions of key terms used throughout the deed

4. Partnership Name and Business: Official name of the partnership and nature of business to be conducted

5. Commencement and Term: Start date and duration of the partnership

6. Capital Contributions: Details of initial and subsequent capital contributions by each partner

7. Profit and Loss Sharing: Agreement on how profits and losses will be distributed among partners

8. Management and Decision Making: Structure for partnership management and process for making business decisions

9. Partners' Duties and Obligations: Core responsibilities and obligations of all partners

10. Banking and Financial Records: Arrangements for banking, accounting, and financial management

11. Addition and Retirement of Partners: Procedures for admitting new partners and handling partner retirement

12. Death or Incapacity: Procedures in case of death or incapacity of a partner

13. Dissolution and Termination: Circumstances and procedures for partnership dissolution

14. Governing Law: Specification of Nigerian law as governing law

15. Dispute Resolution: Procedures for resolving disputes between partners

Optional Sections

1. Non-Competition: Restrictions on partners competing with the partnership business - include when partners agree to such restrictions

2. Intellectual Property Rights: Provisions regarding ownership and use of IP - include when the business involves significant IP assets

3. Good Will: Provisions for valuation and treatment of goodwill - include when business has significant goodwill value

4. Insurance: Requirements for business insurance - include when specific insurance coverage is mandatory

5. Foreign Investment: Provisions related to foreign partner involvement - include when there are international partners

6. Property Ownership: Specific provisions for partnership property - include when partnership owns significant assets

7. Environmental Compliance: Environmental obligations - include when business has environmental impacts

Suggested Schedules

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial capital contributions

2. Schedule 2: Profit Sharing Ratios: Detailed allocation of profit and loss sharing percentages

3. Schedule 3: Partner Information: Detailed information about each partner including contact details and representatives

4. Schedule 4: Business Assets: List and description of partnership's initial assets

5. Schedule 5: Management Structure: Detailed organizational structure and management responsibilities

6. Appendix A: Business Plan: Initial business plan and objectives

7. Appendix B: Financial Procedures: Detailed financial management and accounting procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions









































Clauses



































Relevant Industries

Professional Services

Retail

Manufacturing

Agriculture

Technology

Construction

Real Estate

Healthcare

Education

Financial Services

Consulting

Hospitality

Mining

Oil and Gas

Transportation and Logistics

Entertainment

Relevant Teams

Legal

Corporate Secretariat

Compliance

Finance

Risk Management

Business Development

Operations

Corporate Affairs

Strategy

Investment

Relevant Roles

Business Owner

Managing Partner

Legal Counsel

Company Secretary

Business Development Manager

Chief Executive Officer

Chief Financial Officer

Corporate Lawyer

Partnership Manager

Risk Manager

Compliance Officer

Business Consultant

Investment Manager

Operations Director

General Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Partnership Deed Form

A Nigerian law-governed agreement that establishes and regulates a business partnership, defining key terms, responsibilities, and operational framework.

find out more

Business Agreement Form

A standard Nigerian business agreement template compliant with local commercial laws, suitable for establishing formal business relationships between parties.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.