Contract for Asset Handover and Allocation

• Author: Mimoza Abdulla Aliu
• Pages: 63-71

JURIDICA

63

Contract for Asset Handover and Allocation

Mimoza A. ALIU1

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 a sset 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.

Keywords: Contracts; Terms of contracts; asset handover and allocation; validity of allocation and

delivery

1. Contract for Asset Allocation and Handover

An asset holder, with assets as a whole of individual rights of property character, can

gain it as a result of inheritance, gift or lifetime work.Wealth is very important,

especially for contemporary trends, because its gain comes with tremendous efforts

and commitment. Asset values are of enormous importance to the individual, but

these values should not be buried with the individual, because in that case they do

not have any effect. It is important for them to transfer or handover from one holder

to another while the subjects are alive, but also after their death. As long as the

1 Teaching assistant, PhD, University of Isa Boletini, Mitrovica, Republic of Kosovo, Address, Te

Grandi Nr. 66, Pristine – Republic of Kosovo, Corresponding author: mimoza.aliu@gmail.com.

AUDJ, Vol. 15, No. 1/2019, pp. 63-71