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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2017-07-20  |  Accepted: 2017-10-28  |  Published: 2017-12-29

Title

Effects of contractor and employer's obligations in buy back contracts: case study of oil exporting country


Abstract

Buy back contracts are one of the variety of investment in oil industry in Iran. To put it another way, the main purpose of contracts such as buy back is to increase investment and attract more capital and foreign currency in the country. As it has been proved in economics and business sciences at international level, when investment is made in a country, it directly or indirectly bears positive impacts on all groups of people. The present research study aimed to examine the juridical status of one of the buy back deal sides under the name of contractor, who is supposed to invest and develop oil fields along with other related issues so that topics such as tax payment, insurance, workers, and civil responsibilities of contractors against employer would be more taken into consideration by contractors and more importantly, contractors could know about different insurance coverages and select their intended one and also abdicate any responsibility resulted from legal crimes from themselves by setting tax returns. This, in turn, helps them to do their business activities without any problem in the host country. Furthermore, employers also have some financial and non-financial obligations to contractors including preparing the required conditions for implementation of the deal substances. Knowing about these factors helps the two sides to sign a legal deal. Finally, the present study was an attempt to present a case study, which would raise the two sides' knowledge about their rights and sign the bay back contract according to predetermined specific legal regulation.


Keywords

Buy Back Contracts, investment, oil industry, contracts, Iran economic, case study


JEL classifications

K12 , F10 , F14


URI

http://jssidoi.org/jesi/article/154


DOI


HAL


Pages

345-356


Funding

This research was supported Islamic Azad University U.A.E. Branch

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Ardalan, Farzam
Islamic Azad University U.A.E. Branch, Dubai, United Arab Emirates http://iau.ac.ae
University of Tehran, Tehran, Iran http://ut.ac.ir
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Almasi, Nejad Ali
Islamic Azad University U.A.E. Branch, Dubai, United Arab Emirates http://iau.ac.ae
University of Tehran, Tehran, Iran http://ut.ac.ir
Articles by this author in: CrossRef |  Google Scholar

Atasheneh, Mansour
Islamic Azad University U.A.E. Branch, Dubai, United Arab Emirates http://iau.ac.ae
University of Tehran, Tehran, Iran http://ut.ac.ir
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

5


Number

2


Issue date

December 2017


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 4092  |  PDF downloads: 1879

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