Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ The part­ners are jointly and sev­er­ally li­able with their en­tire as­sets for all ob­lig­a­tions of the part­ner­ship.

² Any con­trary agree­ment between part­ners is void as against third parties.

³ However, a part­ner may not be held per­son­ally li­able for a part­ner­ship debt, even after he leaves the part­ner­ship, un­less he has been de­clared bank­rupt or the part­ner­ship has been dis­solved or debt en­force­ment pro­ceed­ings have been brought against it without suc­cess. This does not ap­ply to a part­ner’s li­ab­il­ity un­der a joint and sev­er­al con­tract of surety con­cluded in fa­vour of the part­ner­ship.