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Civil law partnership
Civil law partnership is an agreement, on the basis of which the partners declare to reach the same business goals through recognized manner, especially through material contribution.
The civil law partnership agreement must be done in writing.
The contribution of each partner means sharing with ownership or other rights or rendering services.
There is no minimal start up capital.
For the partnership’s obligations the partners bear liability with the common partnership’s assets, as well as with the private material assets of each partner.
Each partner is entitled to represent the partnership and to draw obligations.
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