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What are the ways of risk financing?
legal ground
Article 43 of the Partnership Enterprise Law of People's Republic of China (PRC)
Unless otherwise agreed in the partnership agreement, the new partner shall be unanimously agreed by all the partners, and a written partnership agreement shall be concluded according to law.
When concluding the occupation agreement, the original partner shall truthfully inform the new partner of the operating and financial conditions of the original partnership.
Article 44
The new partner enjoys the same rights and assumes the same responsibilities as the original partner. If there are other provisions in the occupation agreement, such provisions shall prevail.
Before joining the partnership, the new partner shall bear unlimited joint and several liabilities for the debts of the partnership.
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