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A simulated legal transaction only exists if the real will of the parties does not coincide with the expressed will, i.e. if the parties merely aim to create the appearance of a serious transaction towards third parties while internally they agree that the declarations made among them shall have no legal consequences whatsoever or shall not have the legal consequences corresponding to their content.

Term-Nr.: 794

German: Simuliertes Rechtsgeschäft (734)

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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