Organizing the Theory of Potential Validity

In between a valid transaction and a void one, there is a condition in which the transaction is neither null nor complete. In other words, after the offer and acceptance, the transaction is somehow formed and to some extent effectual although it is not complete yet. This condition is called "potential validity". Unauthorized transaction, contracts under duress, real contract such as mortgage and donation and a company which is formed under article 17 of the commercial code (as it is amended in 1346) are all examples of potential validity and their completion and effectiveness depend respectively on the owner's consent, delivery and registration. The concept of potential validity and its effects have not been studied independently yet and its examples are not mentioned separately. All the aforementioned things necessitate organizing this theory under Iran's law.