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Kaagazaat

Dairy Farm Partnership Agreement

At a glance

Price
Free, always.
Stamp duty
A partnership instrument is chargeable under the partnership article of Schedule I-A as applicable in Punjab, or the corresponding Chandigarh entry, and the duty often depends on the capital put in.
Registration
This agreement is not compulsorily registrable if capital is cash, cattle and equipment only; it would be if a partner brought land into the firm.
Witnesses
Not required by law, but two adult witnesses who are not parties are customary in village practice and are provided for below.

Free

Free, always.

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Guided questions, full draft on screen, download in Word.

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Also called

  • dairy partnership deed
  • dairy farm partnership
  • milk business partnership
  • dairy sanjhedari
  • ਡੇਅਰੀ ਭਾਈਵਾਲੀ
  • डेयरी साझेदारी
  • cattle farm partnership
  • partnership for dairy

When you need it

Use this when two people go into the dairy business together, for example one who has the shed and the land and one who brings the cattle or the money, and want it in writing. It records the name and place of the dairy, what each partner puts in (cattle, shed, equipment, cash, labour), how the profit and loss are shared, who runs the day-to-day work, where the milk is sold, the bank account, what each may draw, how the accounts are kept and shown, and what happens when a partner wants to leave.

Read more

The dairy's land stays with its owner. The firm is given only the use of it for the dairy; no lease or tenancy is created. Not for: a general business partnership that is not a dairy (use the Partnership Deed); a partnership with more than two partners or one that holds land as capital without more drafting (a lawyer should settle it); ending a partnership (use the Partnership Dissolution Deed); a one-time sale of cattle (use the Cattle Sale Receipt).

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in
See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

A partnership instrument is chargeable under the partnership article of Schedule I-A as applicable in Punjab, or the corresponding Chandigarh entry, and the duty often depends on the capital put in. This drafter could not confirm one current figure for either, so none is stated. Ask on the official e-stamping portal or at the Sub-Registrar counter before buying the stamp, and e-stamp before signing. A later change in the partners or shares is a fresh instrument.

Registration

This agreement is not compulsorily registrable if capital is cash, cattle and equipment only; it would be if a partner brought land into the firm. Separately, the firm itself may be registered with the Registrar of Firms under the Indian Partnership Act, 1932. Registration of the firm is not compulsory, but an unregistered firm, and its partners, are barred by section 69 of that Act from suing to enforce a right under a contract of the firm, with narrow exceptions, so registering is usually wise.

Notarisation

Not required. Either party may have it notarised for extra comfort that the signatures are genuine; carry original photo ID.

Witnesses

Not required by law, but two adult witnesses who are not parties are customary in village practice and are provided for below.

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Sample preview — placeholder answers, not your data

DAIRY FARM PARTNERSHIP AGREEMENT

This agreement is made at Village Rurki, Tehsil Samrala on 2 April 2026.

BETWEEN

Harjinder Singh, of Village Rurki, Tehsil Samrala, District Ludhiana, mobile 98140-00000 (the "First Partner");

AND

Baldev Singh, of Village Bhatian, Tehsil Samrala, District Ludhiana, mobile 98140-00000 (the "Second Partner").

  1. 1. THE FIRM

1.1 The partners carry on the business of dairy farming, that is, keeping milch cattle and producing and selling milk and the animals' produce, in partnership under the name Rurki Dairy Farm (the "Firm"), at Village Rurki, Tehsil Samrala, District Ludhiana, from 1 April 2026.

1.2 The partnership has no fixed end date. It is a partnership at will, that either partner may end on the notice in clause 9.

  1. 2. WHAT EACH PARTNER PUTS IN

2.1 The First Partner puts into the Firm: 20 milch buffaloes valued at 18,00,000 rupees; the milking machine; cash of 2,00,000 rupees.

2.2 The Second Partner puts into the Firm: The shed and fodder store, and full-time labour.

2.3 Cattle and equipment put in as above become the property of the Firm, and the partners shall make a signed list of the animals, with their tag or ear numbers, and keep it with this agreement. Calves born, and animals bought out of the Firm's money, belong to the Firm.

2.4 The land and shed used by the Firm belong to the First Partner. The Firm has only the use of them for the dairy for as long as the partnership lasts. This agreement is not a lease, and gives the Firm or the other partner no tenancy or other right in the land. The partner who owns them keeps paying the land revenue and any levy on the land.

  1. 3. PROFIT AND LOSS

3.1 The profit of the Firm, after paying feed, fodder, medicine, veterinary and labour costs, electricity, repairs and other running costs, shall be shared: First Partner 60 per cent, Second Partner 40 per cent. Losses shall be borne in the same shares.

3.2 Each partner may draw ₹25,000 (Rupees Twenty Five Thousand only) a month on account of his share of profit. Any drawing above the profit due to him at the year-end shall be returned to the Firm.

  1. 4. RUNNING THE DAIRY

4.1 The day-to-day work shall be run by both partners together. Each partner shall give his time and effort to the Firm and shall not run a competing dairy business.

4.2 The milk shall be sold as follows: To the milk plant or co-operative society that collects at the village, and by retail to local customers. All sale money shall be paid into the Firm's bank account and not kept by one partner.

4.3 The Firm shall have a bank account in its own name, operated by both partners, or by either of them for sums up to a limit they agree in writing.

4.4 Neither partner shall, without the other's written consent, sell or pledge the Firm's cattle or equipment except in the ordinary course of the dairy, borrow in the Firm's name, or sign a contract for the Firm that binds it for more than one year.

Questions about this document

Does the Dairy Farm Partnership Agreement need stamp paper or stamp duty in Punjab and Chandigarh?

A partnership instrument is chargeable under the partnership article of Schedule I-A as applicable in Punjab, or the corresponding Chandigarh entry, and the duty often depends on the capital put in.

See the full position on stamp duty, registration and witnesses
Does the Dairy Farm Partnership Agreement need registration in Punjab and Chandigarh?

This agreement is not compulsorily registrable if capital is cash, cattle and equipment only; it would be if a partner brought land into the firm.

See the full position on stamp duty, registration and witnesses
What does the Dairy Farm Partnership Agreement cost on Kaagazaat?

Free, always.

Does the Dairy Farm Partnership Agreement need witnesses?

Not required by law, but two adult witnesses who are not parties are customary in village practice and are provided for below.

See the full position on stamp duty, registration and witnesses

Often needed with this document

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