Studing the possibility of conclusion of a time sharing via definite contracts

Abstract

Abstract Studing the possibility of conclusion of a time sharing via definite contracts Time proportional contracts are such contracts in which the ownership of the property or its profits is transferred to the contracting party, proportional to time. This means that the party will have a right to use or operate the property in determined portion of the year and will be able to intervene in the property permanently or alternately according to the terms of the contract. This kind of contracts could be formed as a contract of rent, partnership in either the property or its profits, common sale conditional to partnership in profits and the contract of compromise. Concerning the essence of such contracts, conclusion in the form of loan, exchange and the right to benefit is impossible. Hereby, we will try to examine the possibility of conclusion of time proportional contracts in the form of determined contracts.

Keywords

• Keywords: Time proportional contract
• Time based sale
• Partnership in profits
• Determined contracts.