Deed of Variation to Partnership

This Deed can be used to vary a partnership agreement to change the profit and loss ratio.

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Last updated May 20, 2025

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Suitable for Australia

Deed of Variation to Partnership

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What is a deed of variation to partnership?

A deed of variation to partnership is a legal document used to amend an existing partnership agreement, specifically to change the way profits and losses are shared among the partners.
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When should you use a deed of variation to partnership?

You should use this deed when partners agree to change the profit and loss sharing ratio set out in their original partnership agreement, without dissolving or creating a new partnership.
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What should be in a deed of variation to partnership?

It should clearly state the amended profit and loss ratio, identify the affected partners, and reference the original partnership agreement clause being varied.
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Frequently asked questions

What is a deed of variation to partnership?

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When should you use a deed of variation to partnership?

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What should be in a deed of variation to partnership?

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Does this document cover changes to property ownership or only profit sharing?

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What are the potential tax or duty implications?

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Can compensation between partners be included in this deed?

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What are the next steps after completing the deed?

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View Sample Deed of Variation to Partnership

Deed of Variation to Partnership

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