- Statute
- Philippine Civil Code
- Article
- Art. 1771
- Topic
- General Provisions
- Status
- In force
- Book
- BOOK IV Obligations and Contracts
- Title
- TITLE IX PARTNERSHIP
- Chapter
- CHAPTER 1 General Provisions
- Formerly
- Art. 1667a of the old Civil Code
- Year
- 1949
The provision
A partnership may be constituted in any form, except where immovable property or real rights are contributed thereto, in which case a public instrument shall be necessary. (1667a)
Intellegal Wiki · In plain terms
A partnership can generally be formed in any manner the partners choose, even orally. The one exception is when land, other immovable property, or real rights are contributed to the partnership: in that case the agreement must be set down in a public (notarized) instrument.
An editorially maintained plain-language explanation of this provision — not legal advice.
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