Scientific Journal of Law and Modern Studies

Scientific Journal of Law and Modern Studies

A comparative study of the effects of partnerships in Iranian and British law

Document Type : Research Article

Author
Afshin Mojahed
University lecturer, PhD student in Private Law, Faculty of Law, Islamic Azad University, Meybod Branch. (Corresponding Author)
Abstract
Commercial companies are factors in the expansion and prosperity of trade and material and social welfare. Among these companies, partnerships are the most prominent and prominent type of companies and due to the unlimited liability of the partners, they are the best type of companies to protect the rights of third parties and encourage people to form such companies at the same time. Now that it brings investors and experts closer together, it allows third parties to enter into transactions with these companies with complete confidence. In English law, commercial entities are divided into two groups: companies and partnerships, and partnerships into two categories: public and limited partnerships. In a public partnership under the 1890 Act, its rules are more complementary and all partners have joint and several liability. Partnerships that are similar to the companies of individuals in Iranian law are institutions that are created jointly by several persons for business purposes and for the purpose of making a profit. They have no legal personality and individuals are jointly and severally liable for all its debts, regardless of their initial capital. . Since joint stock companies are widely used today, in this article we will examine the effects of these companies on Iranian and British law.
Keywords
Liability company
joint liability
public partnership
business
British law
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  • Receive Date 06 August 2021
  • Revise Date 09 August 2021
  • Accept Date 27 August 2021