Document background
The Assignment Of Claim Agreement is a crucial document in Swiss commercial practice, used when one party wishes to transfer its right to receive payment or performance from a debtor to another party. This document is commonly used in factoring arrangements, debt trading, corporate restructuring, or as part of asset sales. Under Swiss law, the agreement must be in writing and clearly identify the claim being assigned. The document typically specifies the purchase price, warranties about the claim's existence and enforceability, and arrangements for notifying the debtor. It's particularly important in financial transactions and debt collection scenarios, where claims need to be transferred efficiently while maintaining legal certainty and protecting all parties' interests.
