Lifelong Maintenance Contract as One of the Types of Transfer of Property, its Legal Nature and Collateral Risks
DOI:
https://doi.org/10.48614/jlaw.2.2020.90-112Keywords:
contract, lifelong maintenance, dependent, bread-winner, property, risk.Abstract
Less than two decades have passed since the enactment of the Civil Code of Georgia. However, citizens are still merely informed with regard to the legal nature of the contracts transferring property ownership. Hence, instead of lifelong maintenance contract, they often are using deed of gift or sales and purchase agreements. The latter does not provide achievement of the set purpose by participants of the contractual relationship and creates less guarantees of legal protection for grantor or seller.
In the current article the freedom of contract is discussed as an important achievement of private law relations, compliance of principles of freedom of contract with principles of the European Law of Obligations, aleatory nature of the contract, its particular legal nature, legal characteristics of the contract, for of the contract, fiduciary and long term obligatory character of the contract, etc.
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