Assignment of rights under a contract is the complete transfer of the rights to receive the benefits accruing to one of the parties to that contract. For example, if Party A contracts with Party B to sell Party A’s car to Party B for €100, Party A can later assign the benefits of the contract – i.e., the right to be paid $10 – to Party C. In this scenario, Party A is the obligee/assignor, Party B is an obligor, and Party C is the assignee. Such an assignment may be donative (essentially given as a gift), or it may be contractually exchanged for consideration. It is important to note, however, that Party C is not a third party beneficiary third party beneficiary, because the contract itself was not made for the purpose of benefitting Party C. When an assignment is made, the assignment always takes place after the original contract was formed. An Assignment only transfers the rights/benefits to a new owner. The obligations remain with the previous or previous owner.
Let’s take the step further. Assume that Party C put the obligation on the Party B to Ecex.Exchange Trading Platform and he/she want this obligation sell and price is €50. He/She log in and put the asking price to €50 and sent the notification to other parties and the market that he or she has assignments for sale. Let assume that Party B receives the info and he/or she make the counteroffer and put the price on Ecex.Exchange Trading Platform, let’s say €40. Maybe they agree on €45.
As we see there is the great possibility to ease the situation of the debtor while allowing the parties to solve more delicate financing problems more flexible.
The main idea here is that the debtor can always log on to the Ecex.Exchange Trading Platform and bid on the specific claim against which he is a debtor. The creditor and the debtor are both Ecex.Exchange Trading Platform significant customers in addition to investors who are interested in mediation.