Philippine law permits assignment of a partner’s profits, but the third-party assignee does not gain management or partner rights automatically.
Can a Partner Assign Profits Without Granting Management Rights? Read More »
Learn how Article 1801 of the Civil Code resolves disputes between managing partners, including majority voting, ties, authority, and court remedies.
How Can Two Managing Partners Resolve Operational Deadlocks? Read More »
Philippine law restricts industrial partners from operating outside businesses without express consent and allows exclusion, profit recovery, and damages.
Can an Industrial Partner Operate an Outside Business? Read More »
Philippine rules on partnership dissolution: pay external creditors first, settle partner claims, return capital if available, and divide remaining profits.
How Are Assets Distributed After Partnership Dissolution? Read More »
General partners may be personally liable for partnership debts, while limited partners are generally protected up to their contributions unless they control the business or violate statutory rules.
How Do General and Limited Partners Handle Debt? Read More »
Philippine partnership law generally requires unanimous consent before a new partner may be admitted, under delectus personae and Article 1804.
Can a Partner Unilaterally Admit a New Partner? Read More »
Learn how a partner’s death affects Philippine partnerships, winding up, heirs’ rights, business continuation, taxes, and licensing requirements.
What Happens When a Partner Dies in the Philippines? Read More »
Philippine rules on corporate indemnification, director legal fees, and advancement of expenses in intra-corporate suits by activist stockholders.
When Must Corporations Pay Directors’ Legal Fees? Read More »
Learn when Philippine directors may personally pay backwages for illegal dismissal and what bad faith, participation, and due process require.
When Are Directors Liable for Illegal Dismissal? Read More »
Learn when a Philippine partner may demand business records, formal accounting, and payment of undisclosed partnership profits.
Can a Partner Sue for Business Profit Accounting? Read More »
