Gbr Agreement

September 21, 2021

In some cases, the mere mutual promotion of a common benefit/common goal is sufficient to allow the courts to start from the existence of a partnership. Within the framework of the social contract, the partners can largely derogate from the legal provisions within the BGB. The partnership is represented jointly by the partners, unless otherwise agreed in the social contract. External representation vis-à-vis third parties is provided by the partners. The scope of the power of representation is consistent with the agreements concluded. It can be limited according to will. Any restrictions on the power of representation must be identified by third parties. Unless otherwise stated, there is a common power of representation corresponding to joint management. Legal transactions are therefore only binding if they are concluded jointly by all shareholders.

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