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The gift agreement is a bilateral legal contract which is concluded between the donor and the recipiet of a gift, which could be a thing or a property right. It includes no compensation for the donor but requires mutual agreement. Under certain circumstances the gift agreement may be revoked, and it could be done by the conlcuding parts or third parts, all of which cases are stipulated by law more or less precisely from country to country.doaj:df35e0abf3c146eaa8f7ea66cc68501b fatcat:smgssk7sqbewrjjerhnxv2vdhi