Clauses in partnership deed

In the partnership deed this are the following clause signed by all the partners:

• Description of the Partners:  Name, description and addresses of the partners. 
• Description of the Firm:  Name and addresses of the firm. 
• Principal place of business: Address of the principal place of business.
• Nature of  Business: Nature of business that the firm shall carry on. 
• Commencement of Partnership: Date of commencement of partnership.
• Capital contribution: The amount of capital to be contributed by  each partner, whether the Capital Accounts shall be fixed or fluctuating. 
• Intrest on capital: Rate of interest,if allowed, on capital. 
• Intrest on Drawings: Rate of interest,if to be charged, on drawing. 
• Profit-sharing ratio: Ratio in which profits or losses are to be shared by the partners. 
• Intrest on Loan: Rate of interest on loan by a partner to the firm. 
• Renuneration to Partners: Amount of salary, commission, etc., if agreed, to be paid. 
• Valuation of assets: The manner in which assets of the firm shall be valued in the case of its recognition.No 
• Valuation of Goodwill: Method by which goodwill of the firm will be valued at the time of admission or retirement of a partners or at the time of death of a partner.
• Settlement of Account: The manner in which accounts of the partner(s) shall be sattled in case of his (their) retirement or death or at the time of dissolution of the firm. 
• Accounting period: The date on which accounts shall be closed every year. Normally accounts are closed on 31st March every year because every entity must submit the return of income on 31st March every year. 
• Right and Duties of partners: The right and Duties of partners are defined.
• Duration of partnership: The period of partnership, ie., whether it is for a specified period or for a venture or at will.
• Bank Account Operation: How shall the Bank Account be operated? whether it shall be operated by any of the partners or jointly .
• Death of partners: Whether the firm will continue or dissolve.
• Settlement of Disputes: Disputes, if any, among the partners-how they shall be settled.