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A donation agreement will include the names of the parties, a description of the donation, whether a receipt that was given, and possibly the intended use for the donation. The agreement should also include a revocability (whether the donation can be taken back) section and define expense responsibility.
A donation is a unilateral contract in terms of which, the one party referred to as the donor is under no obligation to act, but does so out of pure liberality and benevolence by promising to give to the other party, called the donee, something without expecting to receive anything in return.
If there is no acceptance, the donation cannot be formalized. Therefore, any donation contract is subject to these conditions: It is an act free and it is made voluntary. Cannot be done on future goods, i.e. the goods must be currently owned by the donor.
A donor agreement is a contract between a nonprofit and a donor. It outlines the donation terms, such as how much money will be given and what goods or services will be provided. The nonprofit should have an attorney review the document before signing it with any donors.
Following our emancipation, a new legal regime came to force and now, the uninitiated would do well to know that every gesture of generosity is a both a contract and gesture of time-honored legal consequences that are likely already spelled out in Book III, Title III of the New Civil Code.