The Accounting Partnership Agreement is essential for accounting professionals in Pakistan who wish to establish a formal partnership practice. This document is specifically used when two or more qualified accountants decide to combine their expertise and resources to operate a joint accounting practice. It must comply with the Partnership Act 1932, the Institute of Chartered Accountants of Pakistan (ICAP) regulations, and other relevant Pakistani legislation. The agreement covers crucial aspects such as capital contributions, profit sharing, professional responsibilities, client management, and partnership governance. It's particularly important for protecting partners' interests, ensuring regulatory compliance, and establishing clear operational guidelines for the accounting practice.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of all partners entering the accounting partnership, including their professional qualifications and registration numbers
2. Background: Context of the partnership formation, including any existing practices being merged or new practice being established
3. Definitions: Key terms used throughout the agreement, including accounting-specific terminology
4. Partnership Name and Business: The agreed name of the partnership and scope of accounting services to be provided
5. Commencement and Term: Start date of the partnership and duration (if fixed-term)
6. Capital Contributions: Details of initial and ongoing capital contributions from each partner
7. Profit and Loss Sharing: Formula and mechanisms for distributing profits and losses among partners
8. Management and Decision Making: Governance structure, voting rights, and decision-making processes
9. Banking and Financial Matters: Banking arrangements, signing authorities, and financial management procedures
10. Professional Obligations: Compliance with ICAP regulations and professional standards
11. Partner Duties and Restrictions: Rights, responsibilities, and restrictions on partners' activities
12. Leave and Absence: Policy on partners' vacation, sick leave, and extended absences
13. Insurance and Indemnity: Professional indemnity insurance requirements and mutual indemnification
14. Termination and Retirement: Procedures for partnership termination and partner retirement
15. Dispute Resolution: Process for resolving disputes between partners
16. Governing Law: Confirmation of Pakistani law as governing law and jurisdiction
1. Non-Competition: Restrictions on competing activities after leaving the partnership - include when partners request specific non-compete provisions
2. Intellectual Property: Ownership and use of partnership IP - include when the firm has significant proprietary methodologies or software
3. International Practice: Rules for international clients and cross-border services - include when partnership plans to operate internationally
4. Training and Development: Professional development requirements - include for larger partnerships with formal training programs
5. Goodwill: Treatment of partnership goodwill - include when specifically requested or in larger established practices
6. Branch Offices: Management of multiple office locations - include when partnership operates or plans multiple locations
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contribution
2. Schedule 2 - Profit Sharing Ratios: Detailed formula and calculations for profit distribution
3. Schedule 3 - Client List: List of existing clients being brought into the partnership by each partner
4. Schedule 4 - Equipment and Assets: Inventory of partnership assets and their agreed values
5. Schedule 5 - Partner Contact Details: Complete contact information for all partners
6. Appendix A - Partnership Policies: Internal policies and procedures for partnership operation
7. Appendix B - Professional Standards: Relevant ICAP standards and compliance requirements
Find the exact document you need
Partnership Deed Accounting
A legal agreement under Pakistani law establishing a partnership between accounting professionals, defining their rights, obligations, and business operations.
Download
Operating Agreement For Partnership LLC
A comprehensive legal agreement governing Partnership LLC operations in Pakistan, establishing management structure and partner relationships under Pakistani law.
Download
Limited Partnership Deed
A Pakistani law-governed document establishing a limited partnership, defining partner rights, responsibilities, and operational framework.
Download
Dissolution Partnership Deed
A legal document under Pakistani law that formally dissolves a partnership and establishes terms for winding up the business affairs.
Download
Financial Partnership Agreement
A Pakistani law-governed agreement establishing a financial partnership, detailing capital contributions, profit-sharing, and operational framework.
Download
Memorandum Of Understanding For Partnership
A preliminary partnership agreement under Pakistani law that outlines basic terms and conditions for business collaboration between partners.
Download
Sleeping Partner Partnership Deed
A Pakistani legal document establishing a partnership where certain partners contribute capital without participating in business management, governed by the Partnership Act 1932.
Download
Partnership Deed Construction Business
A legal agreement establishing a construction business partnership in Pakistan, defining partner relationships, responsibilities, and operational frameworks under Pakistani law.
Download
Partnership Deed Between Three Partners
A legal agreement under Pakistani law establishing a partnership between three partners, defining their rights, responsibilities, and business relationship.
Download
Term Sheet Partnership Agreement
A preliminary agreement outlining key partnership terms and conditions under Pakistani law, serving as a foundation for the final partnership agreement.
Download
Partnership Agreement For Hotel Business
A Pakistani law-governed agreement establishing a partnership structure for hotel business operations, defining partner rights, responsibilities, and operational frameworks.
Download
Reseller Partnership Agreement
A Pakistani law-governed agreement establishing terms and conditions between a principal company and reseller for product distribution and sales in specified territories.
Download
Letter For Partnership Agreement
A concise formal document under Pakistani law that establishes basic terms and conditions for a business partnership arrangement.
Download
Co Founder Partnership Agreement
A legally binding agreement under Pakistani law that establishes and governs the relationship between business co-founders, defining their rights, responsibilities, and obligations.
Download
Partnership Deed For Hotel Business
A legal agreement under Pakistani law establishing a partnership structure for hotel business operations, defining partners' rights, responsibilities, and profit-sharing arrangements.
Download
Deed Of Partnership Between Two Partners
A legally binding agreement under Pakistani law that establishes and governs a partnership between two individuals, outlining their rights, responsibilities, and business relationship.
Download
Land Partnership Agreement
A legal agreement governed by Pakistani law that establishes terms for joint land ownership, development, or utilization between multiple parties.
Download
Social Media Partnership Agreement
A Pakistani law-governed agreement establishing terms and conditions for social media partnerships, including content creation, revenue sharing, and compliance requirements.
Download
Partnership Deed
A legal document under Pakistani law that establishes and governs a business partnership, defining rights, responsibilities, and obligations of all partners.
Download
Formal Partnership Agreement
A legally binding partnership agreement under Pakistani law that establishes the terms and conditions for business partners' relationships and operations.
Download
Collaboration Partnership Agreement
A Pakistani law-governed agreement establishing terms and conditions for business collaboration between multiple parties, including roles, responsibilities, and profit sharing arrangements.
Download
Venture Partner Agreement
A Pakistan-law governed agreement establishing the terms and conditions of a venture partner relationship within a venture capital context.
Download
Temporary Partnership Agreement
A Pakistan-law governed agreement establishing a temporary partnership between parties for a specific business purpose, outlining terms, duration, and dissolution procedures.
Download
Technology Partnership Agreement
A Pakistani law-governed agreement establishing terms and conditions for technology partnerships between entities, covering technology transfer, IP rights, and operational requirements.
Download
Technical Partnership Agreement
A Pakistani law-governed agreement establishing technical partnership terms, including IP rights, knowledge sharing, and operational responsibilities.
Download
Strategic Technology Partnership Agreement
A Pakistani law-governed agreement establishing strategic technology partnerships between entities, covering technology collaboration, IP rights, and operational frameworks.
Download
Startup Partnership Agreement
A legally binding agreement under Pakistani law that establishes and governs the partnership structure between startup co-founders and partners.
Download
Software Partnership Agreement
A Pakistani law-governed agreement establishing partnership terms for software development collaboration, addressing IP rights, profit sharing, and operational procedures.
Download
Software Partner Agreement
A Pakistani law-governed agreement establishing partnership terms between software companies, covering licensing, revenue sharing, and operational responsibilities.
Download
Shareholders Agreement Joint Venture
A Pakistani law-governed agreement establishing the framework for a joint venture between shareholders, defining their rights and obligations under local legislation.
Download
Service Partner Agreement
A Pakistani law-governed agreement establishing terms and conditions between a company and its service partner for the provision of specified services.
Download
Revenue Share Partnership Agreement
A Pakistani law-governed agreement establishing revenue sharing terms and conditions between business partners, including calculation methods and distribution mechanisms.
Download
Salaried Partner Agreement
A Pakistan-law governed agreement establishing terms for a salaried partner role, combining partnership status with employment rights in professional services firms.
Download
Real Estate Limited Partnership Agreement
A Pakistani law-governed agreement establishing a limited partnership structure for real estate investments, defining partner relationships, contributions, and operational framework.
Download
Real Estate Joint Venture Agreement
A legal agreement governing real estate joint ventures in Pakistan, establishing terms for property development and investment collaboration between multiple parties.
Download
Profit Sharing Agreement In Business Partnership
A Pakistani law-governed agreement establishing profit sharing terms and partnership conditions between business partners, incorporating local statutory requirements and Islamic business principles.
Download
Preliminary Partnership Agreement
A preliminary agreement establishing basic partnership terms and conditions between prospective partners under Pakistani law, serving as a framework for negotiating a full partnership.
Download
Preferred Partner Agreement
A Pakistani law-governed agreement establishing a preferred partnership arrangement between entities, defining their privileged business relationship and mutual obligations.
Download
Pre Partnership Agreement
A Pakistani law-governed agreement establishing preliminary terms and conditions for forming a future partnership between prospective partners.
Download
Partnership Subscription Agreement
A legally binding agreement under Pakistani law governing the subscription and admission of a new partner into an existing partnership structure.
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)