Studying the Possibility of Conclusion of Time Proportional Contracts via Definite Contracts

Abstract

Time proportional contracts are such contracts in which the ownership of the property or itsprofits is transferred to the contracting party, proportional to time. This means that the partywill have the right to use or operate the property in determined portion of the year and will beable to intervene in the property permanently or alternately according to the terms of thecontract. This kind of contracts could be formed as a contract of rent, partnership in either theproperty or its profits, common sale conditional to partnership in profits, and the contract ofcompromise. 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 thepossibility of conclusion of time proportional contracts in the form of determined contracts.

Keywords

• Time proportional contract
• Time based sale
• Partnership in profits
• Determined contracts