Valuable gifts such as condominium units, houses and cars are
not uncommon in Thailand, and most such gifts are made for specific
reasons. The reasons for such gifts could not be more diverse, and
personal disappointment might lead to great regret.
Therefore, it is advisable for both parties, donor and donee, to
think about protective measures. A gift agreement between donor and
donee is a proper way to protect the interests of both sides.
The reason why such a contract is beneficial for the donor is
that the gift agreement may help the donor to revoke the gift for
an act of ingratitude under Section 531 of the Thai Civil and
Commercial Code (CCC). An act of ingratitude is given if the
donee:
