in commendam

Definition of "in commendam"
  1. The nature of a business agreement that limits a partner's financial responsibility to the sum they initially invested
How to use "in commendam" in a sentence
  1. After losing their previous businesses, they decided to form an in commendam partnership to protect their personal assets.
  2. In commendam agreements can be attractive to investors due to the capped financial liability.
  3. In light of the risks associated with the new venture, they opted for an in commendam partnership.

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