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d1e705-1-1__para__3

In most cases, a branch is not a separate legal entity and, as it only operates under the identity of the parent company, it does not independently assume rights or obligations. Contracts entered into by a branch are therefore legally binding on the parent company.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-07 · Text as adopted (Official Journal); later amendments are not incorporated in this text.