Legal framework for using other owner’s assets while doing business.

Abstract

Target of the research is the social relations that exist during using other owner’s assets while doing business.

Subject of the research is the legal regulation of using other owner’s assets while doing business.

In Chapter 1 «General theoretical basis of using other owner’s assets while doing business» author specified features of other owner’s assets while doing business, in particular, the property in question: 1) has a production and economic purpose and nonconsumable nature; 2) is transferred by the owner on a certain legal title other than the right of ownership; 3) has a limited scope of use; 4) is accounted for on the balance sheet or in other forms of accounting in accordance with the law; 5) is returned to the owner (the person authorized by owner), if the property is not acquired by the user.

In Chapter 2 «Basic and additional legal titles of using other owner’s assets while doing business» it is additionally stated that the right of economic management and the right of operational management should be considered as real viable legal titles of the using assets that meet current economic conditions and allow the owner to fully exercise its powers in relation to property suitable for using while doing business.

In Chapter 3 «Protection of rights and responsibility when using other owner’s assets in course of doing business» it is argued that the recognition of acts of state authorities, local authorities on the disposal of property fully or partially invalid and invalidation of economic agreements concluded by the property owner with third parties, if this impedes the use of property, are the special ways to protect the rights of these business entities from the owner of the property.