Formation of Partnership deed

while making partnership deed there are three partners
should I mention in deed that no capital contribution required form third partners
he is partner only in profits of the firm
Replies (2)
Quick Summary
This discussion addresses the formation of a partnership deed involving three partners. A key question is whether to explicitly state in the deed that one partner is not required to contribute capital but will instead receive a share of the firm's profits. The consensus is that this arrangement can indeed be clearly documented within the partnership agreement.

Yes, you can mention in the partnership deed that the third partner will not be required to make any capital contribution and will only be entitled to a share of profits.

Agreed with above

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