Legal encyclopedia. Letter T

BARGAINING

- acquisition of objects of civil rights, any movable or immovable object and non-property rights by holding an auction or competition.

At auction, the property or the right to property are transferred to the natural or legal person that offered the highest price. The auction may sell state or municipal property if its customers do not have to meet the conditions for privatization objects. State or municipal property is sold on a commercial tender if, in relation to the object of privatization, its buyer needs to meet certain investment or social conditions.

Shares of joint-stock companies,

Owned by the state, can be sold for:

1) investment competitions - from customers, investments are required;

2) commercial competitions - customers are required to fulfill any conditions with respect to the enterprise being privatized;

3) at the auction;

4) at specialized auctions. The form of T. is elected by the owner of the thing to be sold.

The auction and the competition can be open or closed.

Auction and competition are recognized as failed if only one participant participated in them. When conducting investment competitions, if an application is submitted from one applicant and he is recognized as the buyer, the item of T. is sold to him.

Organizer T. is responsible for the preparation of T. and their conduct, ensuring that the notified participants are notified about their conduct at least 30 days before. The notice should contain information about the time, place and form of T., their subject and procedure, on registration of participation in T., determining the person who won T., information on the initial price of the object being sold.

Organizer T., who gave a notice, has the right to refuse to hold them no later than 3 days before the announced date of T. in the form of an auction and no later than 30 days before the competition. In case of closed T. the organizer is obliged to compensate the participants for the losses incurred by them, and with open compensation for losses in case of violation of the established deadlines for refusing to hold them.

Participants of T. are obliged to deposit a deposit, the amount, terms and procedure for entering which are determined by the notification of T. The deposit is returned if the participants did not become winners, and all participants, if T. did not take place.

The money amount contributed by the future T. winner is credited against the performance of its obligations to pay for the purchased item or property right.

The results of T. are certified by a protocol that is signed by the organizer T. and their winner and has the force of the contract. If one of the parties refuses to conclude a contract, the winner of the T. loses his deposit, and the organizer of T. is obliged to return the deposit to the winner in double size and compensate for the losses.

T., conducted in violation of the rules established by law, can be recognized by the court as invalid, which entails the invalidity of the contract concluded by their results.