Examlex
What is the common layout of a collective agreement?
Limited Liability
Limited Liability is a legal structure that limits an owner's or shareholder's personal liability for a company's debts and obligations.
General Partners
Members of a partnership who are responsible for the management of the partnership, have full authority to bind it, and face unlimited personal liability for its debts.
Limited Partners
Individuals in a partnership who invest money but do not have management responsibilities and whose liability is limited to the amount of their investment.
Foreign Limited Partnership
A partnership entity in which some owners have limited liability and limited involvement in management, recognized under the jurisdiction other than where it operates.
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