مجلة القانون العام الجزائري والمقارن
Volume 12, Numéro 1, Pages 112-123
2026-07-27
Solidarity Company’s Provisions In Algerian Legislation
Authors : Messaoudi Karim . Derbale Mohammed .
Abstract
The General Partnership is founded on personal consideration (intuitu personae), where partners are linked by mutual trust. A key feature is the joint, several, and unlimited personal liability of every partner for the company's debts against their private assets; partners also acquire the status of a merchant. Advantages include easy formation and operation with moderate capital. As a legal entity, the partnership requires designated managers to conduct its affairs. The primary goal is profit sharing, but partners also bear losses. Consequently, the Commercial Code contains provisions specifically detailing the appointment, dismissal, and liability of managers toward the company and third parties, and the extent to which the company is bound by their actions.
Keywords
General Partnership Company, Commercial Code, Legal Person, Merchant status, Unlimited and Joint Liability, Management of the company.
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