In a gift agreement, the donor undertakes to hand over an item from his assets to the donee or promises to hand over the item at a later date. The donee is not obliged to pay any consideration. However, the gift may be subject to requirements or conditions. A possible requirement might be, for example, if the donee of a picture is obliged to make the picture available to the public for a certain period of time. A condition, on the other hand, might be if the gift is only presented when a specific event occurs, e.g. upon completing training.
Gifts are governed by Art. 239 et seq. of the Swiss Code of Obligations (OR).