Partnership Deed for Ram, Shyam, and the partnership:

Introduction:
- The partnership deed is a crucial document that outlines the terms and conditions of the partnership between Ram, Shyam, and the business they are starting together.

Key Components to Include in the Partnership Deed:

1. Name and Address of the Partners:
- The partnership deed should clearly mention the full names and addresses of all partners involved in the business.

2. Nature of Business:
- The deed should specify the nature of the business that the partners are entering into, along with any specific activities or services that will be offered.

3. Capital Contribution:
- The deed should outline the initial capital contribution made by each partner and the percentage of profits and losses that each partner will be entitled to.

4. Profit and Loss Distribution:
- It is important to specify the profit-sharing ratio among the partners in the deed to avoid any disputes in the future.

5. Roles and Responsibilities:
- The partnership deed should clearly define the roles and responsibilities of each partner within the business to ensure smooth operations.

6. Decision-Making Process:
- The deed should outline how decisions will be made within the partnership, whether it will be by consensus, voting, or based on specific roles.

7. Dissolution of Partnership:
- It is essential to include clauses on how the partnership can be dissolved, including procedures for selling assets, settling debts, and distributing remaining profits.

Conclusion:
- By including these key components in the partnership deed, Ram, Shyam, and the business can establish a clear framework for their partnership, ensuring a successful and mutually beneficial collaboration.