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Structural division: BOOK TWO › party
Article 241 — Relation with third Parties
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Only the manager of a joint venture is known to third parties. He shall alone be liable for the debts and liabilities of the joint venture.
2/ A partner who is not a manager of a joint venture shall meet liabilities towards the manager of such joint venture only to the extent fixed in the agreement between the partners.
3/ Where a partner who is not a manager takes part in the management of a joint venture, he shall be jointly and severally liable with the manager to third parties.
4/ Every partner of a joint venture shall deal with third parties in his own name only.