LAW OF THE REPUBLIC OF TAJIKISTAN

of July 28, 2006 No. 196

About estimative activities

This Law regulates the legal basis of the relations arising when implementing estimative activities for the purpose of establishment of market or other value of objects of assessment, determines the rights and obligations of subjects of estimative activities, irrespective of their patterns of ownership.

Chapter 1. General provisions

Article 1. Basic concepts

In this Law the following basic concepts are used:

- estimative activities - the business activity performed by subjects of estimative activities, directed to establishment concerning objects of assessment of market or other value for certain date if other is not provided by the laws;

- the appraiser - the physical person or legal entity having the license for implementation of estimative activities;

- assessment object - objects of the civil laws concerning which estimative activities can be performed;

- evaluation method - set of the actions of legal, financial and economic and organizational and technical nature used for determination of market and other project cost of assessment;

- repeated assessment - determination of market or other project cost of assessment owing to the arisen disputes over results of assessment between the appraiser and (or) the customer, on the one hand, and the third parties - on the other hand;

- market value of object of assessment - the probable price at which this object can be sold or purchased in the public market in the conditions of the competition when participants of the transaction act, having all available information, and any force majeure in cases do not affect transaction price if:

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