TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

LAW PARTNERSHIP [1 record]

Record 1 2014-05-16

English

Subject field(s)
  • Law of Contracts (common law)
  • Law of Obligations (civil law)
DEF

The rule that the parties' agreement controls the features of a partnership.

CONT

Federal law plays a minimal role in partnership law except in the context of a diversity action, or in instances where a partnership agreement contains an effective choice-of-law provision designating the application of federal law.

OBS

Partnership: An association of two or more persons engaged in a business enterprise in which the profits and losses are shared proportionally. The legal definition of a partnership is generally stated as "an association of two or more persons to carry on as co-owners a business for profit."

Key term(s)
  • law partnership

French

Domaine(s)
  • Droit des contrats (common law)
  • Droit des obligations (droit civil)
DEF

Convention intervenue entre les membres d'une personne morale constituée en société de personnes ou de professionnels sur la répartition des profits et des pertes reliés à leur société.

CONT

La liquidation conventionnelle est régie par les statuts ou la convention des associés survenue après la dissolution de la société

OBS

En matière contractuelle, il existe un principe qui énonce : le contrat fait loi entre les parties contractantes. On pourrait dire qu'il s'agit des obligations contenues dans une convention intervenue entre les associés d'un cabinet d'avocats ou de médecins, etc.

Spanish

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