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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

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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