Simple society

The simple partnership is a community of a majority of legal entities established by obligatory contract, which pursues a common purpose with common means, which is either not a commercial business and can exist without registration in the commercial register or is not then pursued under a common name. The simple partnership is thus the contractual association of several persons or groups of persons for the purpose of achieving a common purpose with joint forces and means.

Term-Nr.: 793

German: Einfache Gesellschaft (296)

Source: LK-Lötscher, 11.05.2020

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