Maître Mbarek SBAGHI The gift in Moroccan law: its conditions and how to document it Professor Mub

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Published on Sep 23, 2019
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#eConseilBook #Maître_Mbarek_SBAGHI #Notaire_Casablanca To watch the full topic on the gift contract in Moroccan law on eConseilBook https://econseilbook.com/ar/SBAGHI.Mb... Professor Mubarak Al-Sabagh, a former governor and current notary in Casablanca, talks about the subject of prestige, its terms and conditions. Professor Mubarak Al-Sabagh defines prestige as the transfer of a right from one person to another with the intention of bringing one person closer to another. The donor may also, without being stripped of the intention of donation, impose on the donee to conclude a binding contract to recover the thing in the event of a loss. The difference between a gift and charity: Charity is intended for the sake of God Almighty and is final after the conclusion of the contract between the two parties. As for a gift, it is possible to recover the gifted things in the event of a loss. The donor may also spend from the gift on his father if he becomes poor, unlike charity, and this is what was confirmed by the Code of Real Rights. How to document the gift contract The gift contract is documented by an official notary (either a notary public or a notary public). Both the donor and the donee must be of sound mind and not be subjected to any pressure. Professor Al-Sabbagh stresses the importance of registering the gift contract immediately after it is written. Donation process dues The state encourages such donations as the donated person is exempted from profit tax immediately upon registration in the governorate in the case of assets

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