Contract for Asset Handover and Allocation
Contract for Asset Handover and Allocation

Summary/Abstract: Entities of Law are free and possess legal instruments for asset allocation. The contract represents the most important instrument for asset allocation and handover. The asset holders may divide the property and pass it over to the heirs with the contract on the asset handover and allocation. Such a legal possibility is in accordance with the free initiative of law because it enables the transfer of property by agreement and with the consent of the holder’s successors. The Testament and the Law represent the legal basis for inheritance, an opportunity for the asset holders to hand over the property after their death through these instruments. The research object of this seminar paper is the contract on the allocation and handover of assets. The analysis of the topic starts from the general part of the contract law, continuing on the key topic of the analysis, always encountering absence of materials.The hereditary effect of this contract implies to have it also analyzed under the scope of the Kosovo Law on Heritage, that is, the part of the transactions between the living.

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