- Statute
- Civil Code
- Article
- Art. 1767
- Topic
- General Provisions
- Status
- In force
- Book
- BOOK IV Obligations and Contracts
- Title
- TITLE IX PARTNERSHIP
- Chapter
- CHAPTER 1 General Provisions
- Formerly
- Art. 1665a of the old Civil Code
- Year
- 1949
- Cited by
- Multiple Supreme Court decisions
The provision
By the contract of partnership two or more persons bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves. Two or more persons may also form a partnership for the exercise of a profession. (1665a)
Intellegal Wiki · In plain terms
A partnership is formed when two or more people agree to pool money, property, or work into a common fund intending to share the resulting profits among themselves. People may also join together as partners specifically to practice a profession.
An editorially maintained plain-language explanation of this provision — not legal advice.
Cases applying this article
- Antonia Torres Assisted By Her Husband v. Court of Appeals
- Dan Fue Leung v. Hon. Intermediate Appellate Court
- Heirs of Tan Eng Kee v. Court of Appeals
- Lourdes Navarro v. Court of Appeals
- Involuntary Insolvency of Mariano Velasco & Co. v. Vicente Nepomuceno
- Reyes v. Commissioner of Internal Revenue G.R. No. L-24020
Related provisions in this Chapter
Browse the Civil Code
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Research aid — not legal advice. Verify the current text against the Official Gazette. Provisions may have been amended or repealed. Using this page creates no attorney-client relationship. For legal advice, consult a Philippine lawyer.