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The business of debt trading services is becoming an attractive field, attracting the attention of many businesses. However, this activity requires a deep understanding of legal regulations as well as important notes to ensure effectiveness. This article will provide customers with an overview of debt trading business and necessary notes.
Debt purchase and sale is a written agreement on the transfer of debt claim rights for debts arising from lending transactions, payments in lieu of guarantee transactions, according to which the debt seller transfers ownership of the debt to the debt buyer and receives payment from the debt buyer.
Debt trading activities bring many benefits to both the seller and the buyer. Debt sellers can recover capital quickly, minimize risks and focus on core business activities. The debt buyer can profit from debt recovery or use the debt for investment and business.
Not all debt can be traded. To ensure the legality and effectiveness of the transaction, the debt needs to meet certain conditions. Specifically the following conditions:
Compliance with these conditions is mandatory to ensure legal and effective debt trading transactions.
Debt trading activities have many potential risks if not carried out properly. Below are some important notes that customers need to understand:
Pursuant to Article 115 of the Civil Code 2015 stipulates: Property rights are rights that can be valued in money, including property rights to intellectual property rights, land use rights and other property rights.
Thus, there is the right to enter into debt purchase and sale contracts.
A debt purchase contract is a document that binds the rights and obligations of the participating parties. To ensure validity and avoid disputes, the contract needs to be drafted clearly and fully with the following main contents:
In addition to the above contents, the parties can agree on other contents in the debt purchase and sale contract that are not contrary to the law.
To ensure efficiency and minimize risks, customers can use Long Phan’s consulting and support services. Our Services include:
Debt trading service business is a potential field but also full of challenges. With legal knowledge, professional skills and practical experience, Long Phan will accompany customers, helping them seize opportunities, overcome challenges and achieve success in this field. Contact us immediately via the hotline: 0906735386 for detailed advice.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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