Ziggurats, Chinese law and contractual rights — assignments, Ecex.Exchange expertise.

Ziggurats ,Chinese law and contractual rights — assignments, Ecex.Exchange expertise.

The Chinese law also recognizes the assignment of contractual rights and regards it as a change of parties to the contract. In essence, under Chinese law, assignment of contractual rights means that the parties to a duly formed contract may assign their contractual rights to a third person without changing the terms of the contract.22 Article 79 of the Chinese Contract Law provides that the obligee may assign all or part of its contractual rights to a third party. Chinese law allows the obligee to assign its contractual rights to a third party as long as the assignment does not violate law or social ethics. The underlying rationale is that the assignment of contracts may encourage transactions and promote development of the market economy. However, in order to protect the public interest and maintain an orderly marketplace, as well as to balance the rights and interests of both parties, Chinese law also limits the scope of the assignment of contractual rights.23 According to Chinese law, there are three situations in which the contractual rights are not assignable: First, if the nature of the contractual rights makes them un-assignable, then the contractual rights may not be assigned to a third party. Chinese Contract Law art. 87 (1999)

Ecex.Exchange looking for possibilities to launch services in chinese people as well.To be precise, in the first place, Chinese speakers and in the second order in the Chinese state. However, as in the previous section, assignments is also possible in a country with 1.3 billion inhabitants.

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