Supplementary Deed of Partnership

I. Introduction:

This Supplementary Deed of Partnership ("Deed") is made on [date], by and between the partners of [Name of Partnership], referred to collectively as the "Partnership," to modify certain terms and conditions of their partnership as outlined below.

II. Recitals:

1. Original Partnership Agreement: The partners entered into a Partnership Agreement dated [date], governing their partnership.

2. Modification Need: The partners mutually agree that adjustments are required to better reflect their current roles and obligations.

III. Amendments:

Rights and Responsibilities:

a. Decision-Making Authority: Modify the authority for decision-making within the Partnership to [describe modification].

b. Allocation of Duties: Review and adjust duties among partners to ensure equitable distribution and efficiency.

c. New Rights or Responsibilities: Clearly define any newly introduced rights or responsibilities.

Financial Matters:

a. Profit-Sharing Ratios: Revise profit-sharing ratios among partners to [specify new ratios].

b. Capital Contributions: Document and unanimously agree upon any changes to capital contributions or withdrawals.

Dispute Resolution:

a. Mechanisms: Refine mechanisms for resolving disputes within the Partnership to [describe modification].

b. Mediation or Arbitration: Consider introducing mediation or arbitration clauses.

IV. General Provisions:

1. Governing Law: This Deed is governed by the laws of [Jurisdiction].

2. Entire Agreement: This Deed supersedes all prior agreements and understandings.

3. Execution: This Deed may be executed in counterparts, each of which constitutes an original.

V. Signatures:

[Your Name]

Partner 1

Date:                               

[Partner 2's name]
Partner 2

Date:                               

In witness whereof, the parties have executed this Supplementary Deed of Partnership on the date first above written.

VI. Notarization

This document was acknowledged before me on [DATE] by [YOUR NAME] who is personally known to me or who has produced identification in the form of a valid government-issued photo identification such as a driver's license or passport.

[NOTARY PUBLIC'S NAME]
Notary Public
My Commission Expires: [EXPIRATION DATE]

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