The Role of Entrepreneurship Incubation in Establishing and Developing Commercial Business: a Legal Study in the Light of Iraqi Legislations

Ameen, Raad Hashim

doi:10.63677/jqlap.2024.185921

The Role of Entrepreneurship Incubation in Establishing and Developing Commercial Business: a Legal Study in the Light of Iraqi Legislations

https://doi.org/10.63677/jqlap.2024.185921

Volume 15, Issue: 2 part 2
Autumn 2024

Pages 477-506

AL-Qadisiya Journal For Law and Political Sciences

Document Type : Research Paper

Author

Raad Hashim Ameen

College of Law / Al-Nahrain University

Abstract

Incubation is an agreement under which an incubator, which may take the form of a state, public utility institutions or even a private company, undertakes to provide financial support and/or services to an incubatee for a certain period of time in order to enable it establishing its own idea, developing his own commercial business or his/her small company. Therefore, incubation is an expedience to perform several goals, such as gaining a benefit to the incubatee, achieving public interests, e.i, combating unemployment, developing and creating competition between creative economic units and developing innovations and national economy as all.
Despite the great significance of incubation, legal jurists pay no attention in clarifying the legal rules governing such activity. Moreover, in spite of the enactment the Support of Small Business Income Generating Act of 2012, the aforesaid Act failed to handle several matters, such as, the agreement of incubation, its characteristics and the aspects of distinguishing it from other spectrum of contracts, how to motivate other commercial units to provide a support to other new business.

Keywords

incubators

entrepreneurial businesses

commercial projects

Iraqi legislation