Forms of partnership
contracts
General rule:
Exceptions:
1. Immovable properties or
real rights are contributed
to the partnership
2. Capital is Php 3,000 or
more in money or
property
3. Limited partnerships
FORM EFFECT IF VIOLATED
In any form, i.e., oral or written
o Public instrument (for validity) Void
o Inventory of the contribution, signed No juridical personality
by the parties and attached to the
public instrument
o Public instrument (for convenience) Still valid
o Registered with the SEC Still has juridical personality
o Certificate signed under oath by the Treated as general partnerships
partners Still valid
o Recorded with the SEC Still has juridical personality