AbstractThe Fifth Development Plan of I.R. of Iran in Article 107 authorizes theformation “contractual Joint Venture” on the contractual basis and within theknown concept of the civil partnership. Despite the contractual nature ofjoint venture,it has been treated as an incorporated venture ...
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AbstractThe Fifth Development Plan of I.R. of Iran in Article 107 authorizes theformation “contractual Joint Venture” on the contractual basis and within theknown concept of the civil partnership. Despite the contractual nature ofjoint venture,it has been treated as an incorporated venture by the legislator.This paper begins with looking at the existing laws and regulations regardingcontractual joint venture in Iran before the enactment of Fifth DevelopmentPlan, and then turns to Article 107 to examine its effects on them. This paperconcludes that formation of contractual joint venture and fundamental rulesfor its operation have already existed in Iran. However, Article 107 could notregulate or facilitate formation of contractual joint ventureefficiently. Itseems, in fulfillment of this article, a comprehensive bill should be preparedand presented to the legislator by the executive power.
