The Sleeping Partner Partnership Deed is essential for businesses in India seeking to formalize arrangements where certain partners contribute capital but remain uninvolved in day-to-day operations. This document type is particularly relevant when establishing partnerships under the Indian Partnership Act, 1932, where investors wish to limit their involvement to financial investment while protecting their interests. The deed carefully delineates the roles, rights, and responsibilities of both active and sleeping partners, covering crucial aspects such as capital contribution, profit sharing, management restrictions, and liability limitations. It's commonly used in family businesses, professional services firms, and various commercial ventures where passive investment is desired. The document must comply with Indian partnership law requirements while providing adequate protection for both active and sleeping partners' interests.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Details of all partners including the sleeping partner(s) and active partner(s), with their complete names, addresses, and status
2. Background: Context of the partnership formation, including business purpose and relationship between partners
3. Definitions: Key terms used in the deed including 'Sleeping Partner', 'Active Partner', 'Business', 'Capital Contribution'
4. Partnership Terms: Duration of partnership, business name, principal place of business
5. Capital Contribution: Details of initial capital contribution by each partner, including the sleeping partner's investment
6. Profit and Loss Sharing: Ratio and method of distributing profits and losses among partners
7. Rights and Duties of Active Partners: Management rights and responsibilities of active partners in daily operations
8. Rights and Limitations of Sleeping Partner: Clear outline of sleeping partner's rights and explicit limitations on involvement in management
9. Banking and Financial Arrangements: Details of bank accounts, signing authorities, and financial management protocols
10. Accounts and Audit: Procedures for maintaining accounts, audit requirements, and access to financial information
11. Restrictions on Partners: Non-compete and confidentiality obligations
12. Dissolution and Termination: Circumstances and procedures for partnership dissolution
13. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction
14. Dispute Resolution: Process for resolving disputes between partners
1. Death and Incapacity: Optional section dealing with succession planning, used when partners want specific arrangements for death or incapacity
2. Insurance: Details of mandatory insurance coverage, included when specific insurance requirements are agreed upon
3. Intellectual Property Rights: Include when the business involves significant IP assets or potential IP creation
4. Additional Capital Contribution: Procedures for future capital calls, included when partners anticipate need for additional investment
5. Exit Mechanisms: Detailed procedures for partner exit, including valuation methods, used when partners want specific exit options
6. Tag-Along and Drag-Along Rights: Include when partners want specific rights regarding sale of partnership interests
7. Anti-Dilution Provisions: Include when protecting sleeping partner's ownership percentage is crucial
1. Schedule A - Capital Contributions: Detailed breakdown of initial capital contributions by each partner
2. Schedule B - Profit Sharing Ratio: Detailed calculation method and examples of profit distribution
3. Schedule C - Business Plan: Overview of business objectives, strategy, and operational plan
4. Schedule D - Assets Register: List of assets contributed to or owned by the partnership
5. Appendix 1 - Bank Account Details: Partnership bank account information and signing authorities
6. Appendix 2 - Compliance Requirements: List of regulatory and statutory compliance requirements
Relevant legal definitions
Clauses
Relevant Industries
Retail
Manufacturing
Real Estate
Technology
Hospitality
Professional Services
Trading
E-commerce
Construction
Healthcare
Education
Agriculture
Food and Beverage
Logistics
Relevant Teams
Legal
Finance
Corporate Secretarial
Investment
Business Development
Compliance
Risk Management
Corporate Affairs
Relevant Roles
Business Owner
Managing Partner
Investor
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Company Secretary
Business Development Manager
Investment Manager
Finance Director
Managing Director
Entrepreneur
Private Equity Manager
Venture Capitalist
Find the exact document you need
Non Profit Organization Partnership Agreement
A partnership agreement between non-profit organizations under Indian law, establishing terms for collaboration and shared charitable objectives.
Download
Model Partnership Agreement
A standardized partnership agreement template compliant with Indian law, establishing terms and conditions for business partnerships.
Download
Memorandum Of Understanding For Partnership
An Indian law-compliant preliminary agreement outlining key terms and conditions for establishing a business partnership, serving as a precursor to a formal Partnership Deed.
Download
Law Firm Partnership Deed
An Indian law-governed partnership agreement that establishes and regulates a law firm's structure, operations, and partner relationships.
Download
General Partnership Deed
A legal document under Indian law establishing a partnership between two or more persons to conduct business together and share profits.
Download
Agreement For Partnership Deed
An Indian law-compliant legal document that establishes and governs a business partnership, defining partners' rights, duties, and operational framework.
Download
Software Implementation Partner Agreement
An Indian law-governed agreement detailing terms and conditions for software implementation services between an implementation partner and client organization.
Download
Sleeping Partnership Agreement
An Indian law-governed agreement establishing a partnership where certain partners contribute capital without participating in business operations.
Download
Sleeping Partner Partnership Deed
An Indian law-governed partnership deed establishing the rights and obligations of sleeping (non-managing) and active partners in a business venture.
Download
Referral Partnership Agreement
An Indian law-governed agreement establishing terms and conditions for business referral partnerships, including commission structures and operational procedures.
Download
Realtor Partnership Agreement
An Indian law-governed agreement establishing a partnership between real estate professionals, ensuring RERA compliance and detailing operational framework.
Download
Real Estate Joint Venture Proposal
An Indian law-governed proposal document outlining terms and conditions for a real estate development joint venture, including project specifications, financial arrangements, and regulatory compliance requirements.
Download
Proposal For Joint Venture Letter
A formal business letter used in India to propose and initiate discussions for a potential joint venture partnership, outlining preliminary terms and structure under Indian law.
Download
Petrol Pump Partnership Agreement
An Indian law-governed agreement establishing a partnership for operating a petrol pump business, detailing operational, financial, and regulatory requirements.
Download
Partnership Deed For Transport Business
An Indian law-governed partnership agreement establishing a transport business venture, detailing partner rights, responsibilities, and operational procedures.
Download
Partnership Deed For Petrol Pump
An Indian law-governed partnership agreement for establishing and operating a petrol pump business, outlining partner rights, responsibilities, and operational procedures.
Download
Partnership Deed For LLP
An Indian legal document establishing the terms and conditions between partners in a Limited Liability Partnership (LLP), governed by the LLP Act, 2008.
Download
Partnership Deed For Film Production
An Indian law-governed partnership agreement for film production ventures, detailing partner rights, responsibilities, and profit-sharing arrangements.
Download
Partnership Deed Construction Business
A legal agreement under Indian law establishing a partnership for construction business operations, defining partner relationships and business terms.
Download
Partnership Deed Between Three Partners
An Indian law-governed agreement establishing a three-partner business partnership, defining rights, responsibilities, and operational framework under the Indian Partnership Act, 1932.
Download
Partnership Agreement Proposal
A formal proposal for establishing a business partnership under Indian law, outlining key terms and conditions for potential partners' consideration.
Download
Private Limited Company Partnership Agreement
An Indian law-governed agreement establishing partnership terms and conditions between shareholders in a private limited company, outlining rights, responsibilities, and operational framework.
Download
Partnership Agreement For Hotel Business
An Indian law-governed agreement establishing a partnership structure for hotel business operations, including operational, financial, and management provisions.
Download
Technology Partner Agreement
An Indian law-governed agreement establishing terms and conditions for technology service partnerships between providers and client organizations.
Download
Venture Capital Partnership Agreement
An Indian law-governed agreement establishing a venture capital partnership structure, defining relationships between fund managers and investors while ensuring regulatory compliance.
Download
Non Binding Partnership Agreement
A preliminary agreement under Indian law that outlines proposed partnership terms while maintaining a non-binding status, allowing parties to negotiate and explore collaboration possibilities.
Download
Letter For Partnership Agreement
An Indian legal document establishing a partnership arrangement between parties, outlining key terms and conditions under Indian Partnership Act requirements.
Download
Salon Business Partnership Agreement
An Indian law-governed agreement establishing a partnership structure for operating a salon business, including operational, financial, and regulatory terms.
Download
Rent Agreement For Partnership Firm
An Indian law-governed rental agreement specifically designed for partnership firms leasing property for business purposes, incorporating partnership-specific legal requirements and standard rental terms.
Download
Partnership Deed For Real Estate Business
An Indian law-governed partnership deed establishing terms and conditions for a real estate business partnership, incorporating RERA compliance requirements.
Download
Reseller Agreement For Software Products
An Indian law-governed agreement establishing terms for software distribution through authorized resellers, including licensing, sales rights, and operational requirements.
Download
Real Estate Agent Partnership Agreement
An Indian law-governed agreement establishing a partnership between real estate agents/firms, ensuring RERA compliance and defining operational framework.
Download
Partnership Deed For Hotel Business
A legal agreement under Indian law establishing a partnership structure for hotel business operations, defining partner relationships and business management terms.
Download
Authorized Reseller Agreement
An Indian law-governed agreement establishing terms and conditions between a manufacturer/principal and authorized reseller for product distribution and resale.
Download
Joint Venture Proposal
An Indian law-governed proposal document outlining the key terms and structure of a proposed joint venture between multiple parties, serving as the foundation for detailed negotiations.
Download
Short Partnership Agreement
A concise partnership agreement template compliant with Indian law, establishing core terms and conditions for business partnerships.
Download
Social Media Partnership Agreement
An Indian law-governed agreement establishing terms and conditions for social media partnerships, including content creation, compliance, and commercial terms.
Download
Partnership Deed
An Indian law-governed agreement establishing a partnership between two or more parties, defining their rights, responsibilities, and business relationship under the Indian Partnership Act, 1932.
Download
Online Business Partnership Agreement
An Indian law-governed agreement establishing partnership terms for online business operations, including digital assets, operations, and compliance requirements.
Download
Buy Sell Agreement Between Business Partners
An Indian law-governed agreement establishing terms for transfer of business ownership interests between partners, including valuation and execution procedures.
Download
ұԾ’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; ұԾ’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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)