The Transfer Of A Right By Agreement Is Known As
Please direct any questions you have about this agreement to firstname.lastname@example.org. After the assignment of contractual rights, the assignee shall enjoy all the benefits that have been conferred on the assignor. For example, if A signs to sell his car to B for 100 $US, A can assign the benefits (the right to pay 100 $US) to C.  In this case, Party C is not a third party beneficiary since the contract was not concluded in favor of C. The assignment takes place after the conclusion of the contract; They must not precede them. [Citation required] Equipment leases generally contain a language that prohibits the lessee from assigning the lease to a third party. For example, “you do not have the right to sell, transfer, assign, sublet or weigh in on the equipment or this agreement” protects the owner`s warranty and credit coverage policies in the event that the lessee wishes to one day transfer the lease agreement to another party. However, it is possible to transfer the lease, but the new party (assignee) is subject to the credit quality verification process and the approval of the lessor. Even if the assignee is authorized, the personal guarantees of the existing lessee (Zdners), if any, may not be released unless the solvency of the assignee is extremely strong. If you wish to assign your contractual rights to another party, you may do so in writing or orally, depending on the laws of your country. In any case, you must inform the other party in the contract that you are making an assignment.
Once the notification is sent, the other party can fulfill its contractual obligations on your behalf. It may happen that a transferor allocates the same interest twice (see figure 14.2 “Successive allocations”). With some exceptions, the first secessionnaire takes precedence over any subsequent secessionnaire. An obvious exception is when the first assignment is inoperative or revocable. An a posteriori assignment has the effect of revoking an ineffective or revocable prior assignment. Another exception is that if the subsequent assignee takes into account the assignment in good faith and has no knowledge of the previous assignment, it has priority if it receives a payment, performance or judgment against the debtor or if it receives concrete evidence from the assignor that the right has been assigned (for example. B a bank passbook or insurance policy). . . .https://www.actubis.com/the-transfer-of-a-right-by-agreement-is-known-as/