Under a gift agreement, one party (donor) transfers or pledges to transfer to the other side (the donee) a thing in property or property right (claim) to himself or a third party, or releases or undertakes to release it from its property obligation to a third party.
Donation is aimed at increasing the property of the donee and corresponding reduction in the property of the donor. A gift contract is a transaction based on mutual agreement. A transaction cannot be concluded only at the will of one donor. Thus, until the gift is received by the donee, the gift is not valid.
PARTIES TO THE GIFT AGREEMENT - donor and donee. The donor can be the state, legal entities and ordinary citizens. The state can act as a party to the gift agreement as a donor in any cases, but as an donee only under a donation agreement.
In this section you can familiarize yourself with a sample gift contract.