Agreement on the assignment of the right of claim

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Kolesnyk Ilya

Assistant lawyer

Specialist in bankruptcy of individuals and legal entities. Provides legal support in bankruptcy procedures for individuals, private limited liability companies, legal entities, as well as closing executive proceedings, concluding restructuring and settlement agreements with financial institutions

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Agreement on the assignment of the right of claim

In today’s business world, subrogation agreements are becoming an increasingly popular tool. This legal mechanism allows companies and individuals to conveniently manage their assets, improve their financial condition and optimize their tax obligations.

What is a waiver of claim?

Assignment of the right of claim is a civil law contract under which one party transfers to another party its right to demand the performance of an obligation from a third party (debtor).

Assignor and assignee: who is it?

  • The assignor is the party that transfers the right of claim. It can be both a natural person and a legal entity that has a debtor that owes it.
  • The assignee is the party that receives the right of claim. It can also be both an individual and a legal entity, which becomes a new creditor of the debtor.

Simply put, the assignor “sells” to the assignee the debt owed to him.

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Possibilities provided by the contract on the assignment of the right of claim:

  1. Improvement of liquidity. Thanks to this contract, the assignor can quickly receive funds, instead of waiting for the debtor to fulfill the obligation.
  2. Optimization of taxes. The assignor can use the agreement to optimize its tax obligations, for example, to transfer losses to the assignee.
  3. Simplification of debt collection. The assignee may have more opportunities to collect the debt from the debtor than the assignor.
  4. Investment opportunity. The assignee may view the purchase of the claim as an investment, expecting to receive a return on the repayment of the debt.

Why is it important to contact a lawyer to draw up an assignment agreement?

Drawing up a contract on the assignment of the right of claim is a complex legal process that requires knowledge and experience. Independent drafting of the contract can lead to mistakes, which will later have negative consequences for the parties.

Here are some reasons why it is important to consult a lawyer:

  1. Protection of your interests. A lawyer will help you draw up a contract correctly so that it meets all the requirements of the law and protects your interests as much as possible.
  2. Identification and minimization of risks. A lawyer will help you identify possible risks associated with the assignment of the right of claim and take measures to minimize them. This may include checking the debtor’s creditworthiness, analyzing existing collateral, and other actions.
  3. Avoiding mistakes. A lawyer has the knowledge and experience necessary to properly draft a contract and avoid mistakes that could lead to disputes or litigation.
  4. Saving time and effort. Drawing up an assignment agreement can be time-consuming and time-consuming. By contacting a lawyer, you can save time and effort that you can spend on other, more important matters.
  5. Professional help. A lawyer can provide you with professional assistance at all stages of concluding a contract, from consultation to signing and registration.

It is important to remember that a lawyer is your advocate in legal matters. By contacting him, you can be sure that your contract on assignment of the right of claim will be drawn up competently and reliably.

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How our lawyers work with agreements on the assignment of the right of claim

Analysis:

  • You are contacting us with your request to draw up an agreement on the assignment of the right of claim.
  • Our lawyers study your situation in detail, analyze the documents confirming the existence of the debt, and collect all the necessary information.
  • We identify all possible risks and nuances associated with a specific case.

Advice:

  • After the analysis, the lawyers provide you with comprehensive advice on all aspects of the assignment of the right of claim.
  • We explain to you your rights and obligations, as well as the possible consequences of concluding a contract.
  • You can ask any questions, and our lawyers will give you clear and understandable answers.

Contract development:

  • On the basis of the received information and your wishes, the lawyers develop a draft agreement on the assignment of the right of claim.
  • The contract will meet all legal requirements and protect the interests of both parties.
  • We agree with you all the provisions of the contract, make the necessary amendments and revisions.

Signing the contract:

  • After the draft contract is fully agreed upon, you and the other party sign it.
  • We can help you arrange a meeting to sign the contract.

Accompaniment:

  • If any questions or problems arise after signing the contract, our lawyers are ready to provide you with the necessary assistance and support.
  • We can represent your interests in court if the need arises.

Important: We guarantee complete confidentiality of all information you provide us.

If you would like to order a consultation or would like to know the price of a contract on the assignment of the right of claim – fill out the form below.

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Kolesnyk Ilya
Assistant lawyer

Specialist in bankruptcy of individuals and legal entities. Provides legal support in bankruptcy procedures for individuals, private limited liability companies, legal entities, as well as closing executive proceedings, concluding restructuring and settlement agreements with financial institutions

Contact now
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