Document background
The Assignment Of Purchase Agreement is a crucial legal instrument used when a party wishes to transfer its rights and obligations under an existing purchase agreement to a third party in Switzerland. This document is commonly used in various scenarios, including corporate restructuring, asset management, and real estate transactions. It must comply with Swiss law, particularly the Swiss Code of Obligations' requirements for assignments (Articles 164-174). The agreement specifies the terms of assignment, consideration, representations, and warranties, and typically requires the original seller's consent. It's particularly important in situations involving property transfers, corporate acquisitions, or when companies need to reorganize their contractual obligations. The document ensures a legally valid transfer of rights while protecting all parties' interests under Swiss law.
