In today's world, Commenda has become a topic of increasing interest to people of all ages and backgrounds. Whether due to its historical relevance, its impact on current society or its importance for the future, Commenda is a topic that does not leave anyone indifferent. Over the years, it has sparked debates, provoked changes and generated endless research and studies in different disciplines. In this article, we will explore the many facets of Commenda, analyzing its influence on various aspects of our daily lives and society as a whole.
The commenda was a medieval contract which developed in Italy around the 13th century, and was an early form of limited partnership. The commenda was an agreement between an investing partner and a traveling partner to conduct a commercial enterprise, usually overseas. The terms of the partnership varied, and are usually categorized by modern historians as unilateral commenda and bilateral commenda, based on the share of contributions and profits between the partners. The bilateral commenda was known in Venice as collegantia or colleganza. The commenda has been described as a foundational innovation in the history of finance and trade.
The commenda was a partnership between an investing partner (called the commendator, or socius stans) and a traveling partner (called the tractator or socius procertans). The investing partner would provide the capital and the traveling partner would execute a commercial enterprise (generally maritime transport), the initial capital would be returned to the investing partner and the remaining profits would then be split. The commenda was in essence as joint-stock company for the financing of a single expedition. Depending on the contribution of the traveling partner, historians define two types of commenda:
Each individual contract was different, and sometimes the investment was a share in a ship.
The origins of the commenda are debated, and likely derived from several sources including the Babylonian tapputûm, the Greco-Roman societas consensu contracta and foenus nauticum, the Byzantine chreokoinonia, the Muslim qirad, and the Jewish 'isqa. Although it has precedent in these previous types of contracts, the commenda has peculiarities of its own. The first mention of the Venetian colleganza dates to 1073, but it had been used since the 10th century. By the 12th century, the commendatio had supplanted the colleganza in Venice.
{{cite book}}
: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
{{cite journal}}
: Cite journal requires |journal=
(help)CS1 maint: numeric names: authors list (link)