The document discusses a partnership deed, which is the written agreement between partners that establishes how the partnership will be formed and operated. A partnership deed typically outlines details like the names of the partners, capital contributions, profit/loss sharing ratios, responsibilities of partners, procedures for admitting or retiring partners, and how accounts will be settled if the partnership is dissolved. The deed also specifies if any partners will receive salaries or commissions and includes details related to auditing accounts and settling accounts if the partnership dissolves.