Whereas Article 1106 of the UAE Civil Transactions Law defines that the assignment transfers the debt and the claim from the assignor to the transferee. The transfer may be restricted or absolute, as stated in Article (1108) of the Civil Transactions Law.
The objective of this brief article is to keep aware all commercial and civil businesses, as well as all commercial dealers, of the specific conditions for the transfer’s legitimacy and its consequences on the remaining parties. Irrespective of whether the transferor, the transferee, or the assignee, the practical fact demonstrated in this article is also significant for employees in the legal and judicial fields, since many cases involve issues pertaining to the transfer and the scope of its legitimacy and implications for the transferee and others.
** In order to obtain the greatest possible benefit, the purpose of this article and the information it contained pertaining to the transfer was to generate more legal discourse and present all perspectives on it.
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