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Trevor Cake-4b8
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Trevor Cake-4b8Subscriber
Asked: 2021-09-08T11:02:43+00:00 2021-09-08T11:02:43+00:00In:

Are Perpetuity contracts legal?

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Are Perpetuity contracts legal any more ?

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    1 Answer

    1. Lucía Mancera Lawyer Legal Bar Association No. 10.338
      2021-09-08T11:05:57+00:00Added an answer on September 8, 2021 at 11:05 am

      Dear Trevor,

      Perpetuity contracts are illegal in Spain. In 2015, the Spanish Supreme Court ruled that all contracts signed after 5th January 1999 must be for less than 50 years, therefore outlawing the practice of perpetuity contracts.  As for other countries, you would need to check the laws in that particular country.

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