Who are the assignor and assignee in the contract law?
Who are the assignor and assignee in the contract law? The transferor is the party who transfers the creditor's rights, generally speaking, the original creditor who transfers the creditor's rights is called the transferor; Its counterpart is the assignee. In the mortgage, the transferor is also called the mortgagor and the borrower. Transferee, legal term, relative transferor. Means the recipient of the right. The transferor transfers all or part of its rights to the transferee by contract, agreement or gift. The right cannot be personal. The transferor transfers all or part of its rights to the transferee by contract, agreement or gift. The right cannot be personal. Assignment of creditor's rights Assignment of creditor's rights, also known as "assignment of creditor's rights", refers to the assignment of a contract that does not change the contents of the contract, and the creditor transfers all or part of the creditor's rights to a third person by concluding a contract with the third person who assigns the creditor's rights. All the creditor's rights are transferred to a third person, who replaces the original creditor and becomes a new creditor of the original contractual relationship. The original contractual creditor loses its rights as a contractual creditor due to the transfer of the contract. Part of the creditor's rights are transferred to a third person, who becomes a contractual creditor and joins the original contractual relationship as a new creditor, The creditor's right relationship in the contract is changed by one person or by several persons. The newly added creditor and the original creditor share the creditor's rights and joint and several creditor's rights. Do you understand this explanation?
