Document background
The Simple Partnership Agreement (Gesellschaft bürgerlichen Rechts - GbR) is a foundational document used in Germany when two or more parties wish to establish a basic partnership structure without creating a more complex corporate entity. This agreement is particularly suitable for professional services, small business ventures, or project-specific collaborations. It should be used when partners want to maintain flexibility while having a clear legal framework for their cooperation. The document addresses essential aspects such as capital contributions, profit and loss sharing, management responsibilities, and decision-making processes, all within the context of German civil law. It's important to note that this agreement creates a partnership structure with joint and several liability among partners, making it crucial to carefully consider and document all terms of the cooperation.
