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Assignment is the legal process that gives the acquirer (assignee) the legal power over the assigned claim that was previously granted to the assignor (assignee). The act of assignment is a legal declaration of intent that must be received. A distinction is also made between assignment on account of payment and mere pledging.

Term-Nr.: 98

German: Abtretung (16)

Source: LK-Lötscher, 11.05.2020

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