Civil Law Partnership (Gesellschaft bürgerlichen Rechts)

Tthe partners of a German Civil Law Partnership (Gesellschaft bürgerlichen Rechts, GbR) mutually put themselves under a duty to promote the achievement of a common purpose (e.g. renting out a property) in the manner stipulated by the partnership agreement. See § 705 BGB. The partners are jointly liable with their private assets for obligations incurred by the partnership. A partnership (with external relations) can be registered in the German Civil Law Partnership Register (Gesellschafterregister) in which case it is referred to as registered civil law partnership (eGbR).

Rate this page
 
 
 
 
 
 
 
2 Rates (100 %)
Rate